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S&P expects credit losses should remain low over the next two years, at about pre-pandemic levels of 15 basis points. read more

There is a significant disparity in spending behaviours, as renters pull back on spending while mortgage holders and outright owners have increased spending. read more

Westpac has reversed long term customer churn among larger sized businesses. read more

The Federal Court has found Firstmac Limited breached provisions by failing to take reasonable steps that would have resulted in one of its investment products being consistent with its target market.. read more

Banks continue to be a reliable and efficient way to launder money and facilitate “virtually all serious crime”. read more

Australian non-bank lender Household Capital Pty Ltd has mandated Citi to market a potential AUD-denominated reverse mortgage securitisation deal. read more

ANZ has welcomed the proclamation of the Queensland State Financial Institutions and Metway Merger Amendment Act. This was the final box to be ticked for ANZ’s acquisition of Suncorp Bank to proceed t.. read more

Data wrangling companies have come out in favour of a larger remit for the Consumer Data Right while banking services providers have argued it's cost too much for minimal results. read more

Increasingly diversified money transfer, foreign exchange and credit product provider Revolut has expanded operations into new business areas, territories and product lines in the past year. read more

The Banking Code Compliance Committee has sanctioned ANZ for not stopping or refunding fees for deceased estates, and for not responding to representatives of deceased estates within the required time.. read more