Clancy Yeates

ANZ Bank chief executive Nuno Matos has sounded a warning over the economic risks that would arise from a prolonged conflict in the Middle East, as the bank delivered $3.8 billion in cash profits for its first half.

As ANZ delivered a $3.8 billion profit, chief executive Nuno Matos has sounded a warning over the risks that would arise from a prolonged conflict in the Middle East.

Bankers’ enthusiasm for AI has lately been drowned out by the warnings about the growing risk of turbocharged cyberattacks.

Westpac has raised its buffers for soured loans as it prepares for a weakening in the economy due to the Middle East war, even as its latest results showed fewer borrowers were struggling with repayments.

The “millionaire’s factory” has delivered bumper results, driving chief Shemara Wikramanayake’s pay packet higher despite the company reducing the share of profits paid to its key senior leaders.

Even if Donald Trump is able to strike a lasting peace deal – a big if – the impacts of the war will be felt long into the future.

Add us as a preferred source on Google Treasurer Jim Chalmers is trying to steer the federal budget through choppy economic waters, which are expected to get rougher in coming months.

Here are the charts that tell you the budget’s outlook for households and the economy.

On top of a weakening economy and an energy crisis, banking giants now face a softer market in their most important type of lending: mortgages.