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Thousands freeze mortgage payments as Sydney lockdown bites

Thousands freeze mortgage payments as Sydney lockdown bites

Banks have frozen repayments on 14,500 home loans as a result of the latest round of lockdowns.

  • by Clancy Yeates

Latest

America has hit its debt ceiling, and the ‘X-date’ looms large

America has hit its debt ceiling, and the ‘X-date’ looms large

The Biden administration has been forced to take “extraordinary measures” to conserve cash as it seeks to head off a US default on its debt - a development that would have global ramifications.

  • by Stephen Bartholomeusz
Banks square up to Afterpay and Apple in payments fight
Opinion
Fintech

Banks square up to Afterpay and Apple in payments fight

It’s becoming increasingly clear that the major banks have a fight on their hands, and the threat is coming from both fintechs and “big tech” players such as Apple.

  • by Clancy Yeates
‘Extreme anxiety’: Alleged Westpac fraudster breaks silence

‘Extreme anxiety’: Alleged Westpac fraudster breaks silence

Football personality Bill Papas has blamed poor mental health, bad technology and the European summer holiday season for failing to meet court deadlines.

  • by Charlotte Grieve and Sarah Danckert
Afterpay takeover highlights the need to rethink financial regulation
Opinion
Regulation

Afterpay takeover highlights the need to rethink financial regulation

Fintechs aren’t banks and aren’t regulated like banks. But they are increasingly offering a range of services and products that look like - and compete with - banking services and products.

  • by Stephen Bartholomeusz
Out of touch: Young bankers turn nose up at Wall Street’s pitch of big pay and long hours

Out of touch: Young bankers turn nose up at Wall Street’s pitch of big pay and long hours

For decades, investment banking was one of Wall Street’s most prestigious careers. It is losing its shine.

  • by Kate Kelly and Lananh Nguyen
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Citi says buy now, pay later not a ‘fad’ as it joins the stampede
Exclusive
Fintech

Citi says buy now, pay later not a ‘fad’ as it joins the stampede

Global giant Citi says the rise of buy now, pay later products is a major shift, as it prepares to move into the local market.

  • by Clancy Yeates
‘Just get the contract’: Alleged Westpac fraudster had ASX ambitions for ‘green’ business

‘Just get the contract’: Alleged Westpac fraudster had ASX ambitions for ‘green’ business

Alleged fraudster Bill Papas had big plans for his waste management company Iugis, involving an ASX-listing, global expansion and selling a COVID-killing machine.

  • by Charlotte Grieve and Sarah Danckert
Afterpay’s $39 billion payday makes clear the fintech revolution

Afterpay’s $39 billion payday makes clear the fintech revolution

The Australian-made “buy now, pay later” app has surfed the wave of a huge change in the world of banking and online commerce. Consumers and regulators must take note.

  • The Herald's View
Afterpay’s $39b deal could unleash more BNPL takeovers

Afterpay’s $39b deal could unleash more BNPL takeovers

Joining forces with Square will make Afterpay a tougher competitor to smaller rivals as they race to roll out BNPL products around the world.

  • by Clancy Yeates
Credit Suisse just couldn’t say no to Archegos
Opinion
Investing

Credit Suisse just couldn’t say no to Archegos

The widespread and enduring failings in Credit Suisse’s risk management exposed by the Archegos scandal have been laid out in all their gory detail

  • by Chris Hughes