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Bank of Queensland chairman Warwick Negus yesterday apologised to shareholders for manifold risk management failures at the company but rejected calls from shareholders for the board to ditch PwC as i.. read more

Equity release lender Household Capital is planning a A$1 billion securitisation program to help fund surging demand from retirees for its reverse mortgage products. read more

Macquarie Bank and ANZ together accounted for more than half of the system-wide growth in the Australian mortgage market in October as most regional banks and mutual lenders watched their loan books s.. read more

ANZ has rolled out a native capability to process PayTo transactions within its institutional bank and next month will open the service to at least one large national biller seeking to initiate paymen.. read more

A collapse in interest margins at Auswide Bank since the start of July yesterday sent the company’s share price to its lowest level since the outbreak of the pandemic in 2020. read more

While most banking industry workers are already pocketing 5 per cent salary rises, the RBA and the FSU remain at loggerheads over pay and conditions after six months of sporadic and almost fruitless e.. read more

The deep pool of household savings created during the Covid-19 pandemic in 2020 is continuing to enhance the financial risk profile of Australians, according to leading consumer credit ratings provide.. read more

Two of Australia’s major banks are considering whether to offer discounted interchange fees for small businesses under a special program currently being rolled out by Visa. read more

Global card scheme giant Visa Inc has begun offering big incentives to some local small and medium sized retailers choosing to route their debit payments to its processing network. read more

Investors pummelled ANZ’s share price on Monday after chief executive Shayne Elliott unveiled a lower-than-expected full year cash profit of $7.41 billion. read more