Australian Banks Under Scrutiny for Mortgage Offset Account Failures
Business & Markets • 2 months ago
Financial regulator ASIC finds lenders have failed to properly manage offset accounts, leading to customer overpayments in interest.
Business & Markets News
Consumer Rights Act 2015: Holidaymakers Urged to Pursue Chargebacks for Undelivered Currency
Business & Markets • 2 months ago
A reader's experience with TravelFX highlights the complexities of currency delivery and the potential recourse available to consumers.
Elon Musk's X Launches Invite-Only Financial Service X Money
Business & Markets • 2 months ago
The new service offers users a Visa debit card, real-time money transfers, and a 6% yield on deposits for paying subscribers.
Value Stocks Surge Ahead of Growth in 2024, Driven by AI Enthusiasm
Business & Markets • 2 months ago
The Russell Value Index is on track to outperform its growth counterpart by the widest margin in years, with artificial intelligence stocks playing a significant role.
Paramount-Warner Merger Could Revitalize Hollywood, Analyst Argues
Business & Markets • 2 months ago
A proposed merger between Paramount Global and Warner Bros. Discovery could address industry-wide challenges and foster greater competition, according to an opinion piece.
Frasers Group Takes Stake in Burberry
Business & Markets • 2 months ago
Mike Ashley's retail group acquires a 4.1% stake in the British luxury fashion house, signaling a further move into the high-end market.
GSK to Cut Billions in Costs by Embracing AI, Sparking Job Cut Fears
Business & Markets • 2 months ago
The pharmaceutical giant plans to close its Stevenage R&D site and invest in AI technologies to achieve significant annual savings.
Ocado Ends Legal Fight With M&S Over £190 Million Payout
Business & Markets • 2 months ago
The online grocery venture failed to meet performance targets set in 2019, leading to the termination of the legal dispute.
DoorDash Revamps Delivery Fees, Basing Charges on Distance and Effort
Business & Markets • 2 months ago
The delivery platform is rolling out a new fee structure that adjusts costs based on order distance and the effort required for delivery drivers.