Qudos and Bank Australia to proceed with merger 17 May 2024 6:25AM Latest news Bank Australia and Qudos Bank have agreed to continue to explore a proposed merger and seek regulatory approval to merge, before asking members to vote in 2025. read more
HQ sale recapitalises Geelong Bank 17 May 2024 6:23AM Latest news Ian Rogers The upcoming sale of its headquarters building will provide a much needed capital injection for Geelong Bank. read more
SMEs recoil at tax debts collections acceleration 15 May 2024 6:51AM Latest news Ian Rogers More than half of all small and medium businesses want relief from ATO collection activities, which they won’t be getting. The Australian Taxation Office in last night’s budget received a ton of new f.. read more
Ex HSBC COO joins Westpac board 15 May 2024 6:46AM Latest news Ian Rogers Andy Maguire, an experienced banking technologist, will join the board of Westpac around the middle of the year. read more
President Chalmers throws it all at Treasury 15 May 2024 6:43AM Latest news Ian Rogers Always in a position to see that it is suitably funded, Treasury is bulking itself up in this budget. read more
Banks pay price of beefing up APRA and ASIC 15 May 2024 6:41AM Latest news Ian Rogers ASIC received tasty top up in its budget and will be taking on another 250 staff. read more
CBA IT corruption exposed 14 May 2024 6:14AM Latest news Ian Rogers When cajoled into accepting a bribe and you work for a bank, take care not to arrange for that bribe to be paid into the same account with that bank linked to your corporate credit card, which will be.. read more
Failure of CBA class actions sets new standard 13 May 2024 12:12AM Latest news Ian Rogers Nobody can reliably establish what information influences the prices at which anyone buys or sells shares, or the reasons anyone trades in shares at a point in time is the essence of a landmark decisi.. read more
Defiant faux banker slapped, not sanctioned 13 May 2024 12:09AM Latest news Ian Rogers The penalty imposed on the eccentric owner/operator of a number of unauthorised banking businesses has been fined $10,000 for contempt of court, having continued to (superficially) trade for some time.. read more
Offset buffers keep growing 10 May 2024 12:45AM Latest news John Kavanagh All the major banks reported increases in their mortgage offset account balances in their first half results, indicating that what was seen as a short-term approach to parking stimulus payments during.. read more
Broad rise in arrears at CommBank 10 May 2024 12:43AM Latest news John Kavanagh The asset quality of Commonwealth Bank’s mortgage book took a turn for the worse over the March 2024 quarter, with the credit quality of the corporate book also on the slide. read more
New CEO says Judo ready for diversification 10 May 2024 12:39AM Latest news John Kavanagh A sharp spike in arrears over the March quarter is no barrier to Judo Bank’s plans to grow and diversify as a business lender. read more
Prospa sale on track 10 May 2024 12:33AM Latest news John Kavanagh The buyer of non-bank lender Prospa plans to borrow part of the funding needed for this takeover from the target. read more
Global debt three times global GDP 10 May 2024 12:28AM Latest news John Kavanagh The Institute of International Finance has released its latest Global Debt Monitor, reporting that global debt rose by US$1.3 trillion in the March 2024 quarter to a new record high of US$315 trillion.. read more
Big banks and brokers the best of frenemies 09 May 2024 12:58AM Latest news John Kavanagh Banks are looking for ways to preserve margins in their home loan businesses and one area where they are taking a harder look is their relationships with brokers. read more
NAB Banked on PayTo A2A 09 May 2024 12:56AM Latest news Ian Rogers NAB is stirring things up in the subdued world of PayTo. PayTo needs all the help it can get. read more
RBA holds, lenders move 09 May 2024 12:51AM Latest news John Kavanagh The Reserve Bank has held the cash rate steady since late last year but lenders have been busy adjusting home loan rates to address competitive and margin management issues, as well as positioning the.. read more
Private debt funds are flavour of the month 09 May 2024 12:47AM Latest news John Kavanagh AMP is committing $300 million in seed funding to its Alternative Debt Fund. read more
EV finance a multi-billion dollar market 09 May 2024 12:44AM Latest news John Kavanagh The Australian Finance Industry Association reported that its members provided close to A$2.5 billion of electric vehicle finance in 2023. read more
ANZ Plus hitting its straps 08 May 2024 5:51AM Latest news John Kavanagh After two years of operation, ANZ’s digital retail brand ANZ Plus is growing customer numbers and deposits strongly and is proving its value as an efficient banking platform. read more