Business

Australia’s largest bank said it added 175,000 new customers over the September quarter, although rising expenses ate into its profits.

Skyrocketing electricity prices are coming back to haunt the Albanese government six months after they neutralised it as an election issue.

A battle for control of a little-known chipmaker has threatened global auto production by choking off the semiconductor supply chain, though there are signs the crisis is inching toward a resolution.

Anthony Albanese won’t commit to extending Labor’s energy bill rebate scheme, reminding Australians of his previous admission that the ‘rebates won’t be a permanent feature’. 

The bank’s board said its leaders must take some financial pain for a horror run of regulatory failings, with former CEO Shayne Elliott the biggest loser.

Energy giant AGL has offloaded almost its entire stake in wind and solar business Tilt Renewables for $750 million.

DEBTMAN: Annual superannuation statements are on their way. If you think you’ve got enough know-how, there are probably about half a dozen things you need to look at.

NICK BRUINING: Financial advisers who recommend SMSFs have been put on notice that ASIC will be ramping up surveillance of their activities following the release of a damning report.

SARAH WELLS: If you had good personal financial intentions for the year but haven’t quite stuck to them, there’s never a better time than before Christmas to re-calibrate your spending.

‘What a hole you’ve dug, Aidan. Admit the mistake now.’

Deputy governor Andrew Hauser has opened about interest rates, revealing what needs to occur for home owners to get some much-needed relief. He also compared the economy to a ‘trapped’ racehorse.

THE ECONOMIST: Gridlock in Washington prevents official data releases. And unofficial ones disagree

ANZ Group flagged a 20 per cent jump in operating costs as its statutory profit sunk 10 per cent and new chief executive Nuno Matos promised to turn performance around.

Solving the embattled telco’s dysfunctionality is more complex than calling for the Optus chief to resign, an expert says.

Uber has confirmed a major change within weeks, but users won’t like what it means for them.