McKinsey warns banks on consolidation 02 July 2019 4:43PM Smaller, less efficient banks will disappear, either through acquisition or through losing their most profitable businesses to emerging fintechs. read more
Small banks rated as more 'authentic' 29 May 2019 3:40PM Smaller banks now have higher NPS scores than prior to the Royal Commission, while the Big Four are still making up lost ground. read more
Granite seeks brokers to sell its 'no deposit' loans 08 May 2019 3:53PM The low interest rate environment has sparked a scramble by lenders for high credit quality borrowers, with LVR-free, no deposit loans set to make a highly conditional comeback. read more
Senate report pushes for another bank levy 09 April 2019 4:37PM A Senate committee has called for a levy on the largest ASX-listed firms be raised to fund customer dispute resolution processes and providers, along with measures to boost the effectiveness of AFCA. read more
Defensive turn from Westpac 12 March 2019 5:21PM In their fifth appearance before the House of Representatives Standing Committee on Economics, Westpac's CEO Brian Hartzer and his group CFO Peter King played it safe on a range of issues arising from.. read more
NAB insider charged with bribery, fraud 06 March 2019 4:57PM A second woman, identified in Sydney's Central Local Court as Rosemary Rogers, has been charged as part of an ongoing investigation into a multi-year, multi-million dollar fraud against National Austr.. read more
Neo-lender Wisr mixes it up 05 March 2019 5:24PM Emerging financial services player Wisr, self-proclaimed as Australia's "first neo lender", reported "operational revenue" of A$1.2 million for the half-year ended December 2018. read more
First charges in NAB bribery case 04 March 2019 5:00PM As part of an ongoing investigation into a multi-million dollar fraud against National Australia Bank charges have been laid against the owner of a Sydney service provider involving more than 50 count.. read more
RBA to tweak card scheme standards 01 March 2019 6:06PM The Reserve Bank of Australia has asked for "stakeholder views" on eight proposed changes to standards governing card scheme interchange fees and to net payments to issuers in those schemes. read more
Goldfields Money proves its Finsure merger 01 March 2019 5:58PM Ambitious ASX-listed mutual bank Goldfields Money Limited has pointed to its half-year results for 2018/19 as proof that a merger last year with mortgage aggregator Finsure has already proved a succes.. read more