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Tag : banking sector

Banking

Australia’s Big Four Banks Face Parliamentary Grilling Over Job Cuts and Offshoring Amid Record Profits

Rohan Kumar
Bank chiefs in the hot seat The heads of Australia’s four biggest banks are facing sustained questioning in Canberra this week. A parliamentary inquiry, opening...
Banking

HSBC Reports 32% Jump in Quarterly Profit and Announces Another $1 Billion Share Buyback

Rohan Kumar
HSBC, Europe’s largest bank, has reported a sharp rise in third-quarter earnings, helped by higher interest rates, a lighter bad-loan bill and the absence of...
Banking

NAB Staff Describe “Spill and Fill” Process as Bank Cuts 2,500 Jobs and Westpac Follows

Rohan Kumar
Australia’s banking sector is going through one of its sharpest rounds of workforce reductions in years, and on Thursday the people affected began to speak...