John Kavanagh

NAB has completed the restructure of its New Zealand wealth management business and expects to make a pre-tax gain of around A$400 million from the deal. read more

 Westpac is extending a moratorium, first put in place in February last year, on regional branch closures until at least 2027 while it “upgrades” regional services. read more

Another neobank is about to bite the dust, with International Bank of Australia struggling to meet its funding target under a capital raising. read more

Heartland Group received final approval for its acquisition of Challenger Bank and notified the market that it completed the transaction. read more

The big question the government’s review of Australia’s credit reporting framework will address is whether credit reporting remains of value to lenders in light of the development of financial data sh.. read more

Perpetual has confirmed that it is negotiating to sell its corporate trust business, putting the biggest trustee in the Australian loan securitisation market on the block. read more

Two-thirds of Australians with retail bank savings accounts have never changed their accounts, despite the opportunity to earn more interest with another product or ADI. read more

Whether ‘racist’ or reasonable, ASIC’s final stop order preventing Urban Rampage from signing up customers to Centrepay credit arrangements is a landmark use of its Design and Distribution Obligation.. read more

Macquarie Group’s banking and financial services division is getting out of the vehicle finance market, saying it is focusing its attention on “delivering market-leading digital experiences in its cor.. read more

Auswide Bank’s new chief executive Doug Snell had his first day on the job yesterday. read more