Lowe: Banks ‘scared’ of AML mistakes 09 August 2021 6:21AM In candid terms, Reserve Bank governor Philip Lowe has told parliament that “the banks are very scared of making mistakes on the AML front.” read more
RedZed weathers mortgage slowdown 06 August 2021 6:16AM A softening in mortgage demand is apparent as pandemic lockdowns disrupt business in eastern Australia, but the head of non-bank lender RedZed Lending believes the slowdown is likely to be short-lived.. read more
Delta loan deferrals slender, so far 06 August 2021 6:15AM Appeals from owners to banks for deferrals on business loans is beginning to bulge, with application numbers up by 108 per cent this week. read more
Society era ends in Hunter 04 August 2021 6:19AM Newcastle Permanent Building Society and Greater Bank may finally forge a merger, in the process forming the largest mutual bank in Australia with $19.8 billion in assets. read more
ANZ locks down on capital burn 20 July 2021 7:08AM Almost carefree about Covid, ANZ is taking the easy road to splurge A$1.5 billion of capital via an on-market share buyback. read more
APRA leads in sorting deferrals fever 20 July 2021 7:02AM A watered down version of APRA’s tolerance for the upswing in forbearance and loan deferrals across the industry is being prepared. read more
Westpac trifles with credit in Covid response 19 July 2021 6:11AM The Sydney Covid lockdown probably has another 10 weeks to run and Westpac, out on their own for now, are dangling a $15,000 overdraft. read more
Moody’s rate Zip credit advance Aaa 19 July 2021 6:09AM The distrust and doubts overlay in the Moody’s Investors Service take on the credit worthiness of Zip Master Trust has been waylaid. read more
FAR out, Hayne echo bothers boards 19 July 2021 6:07AM Directors’ fees will soon be in seven figures at many bigger banks. The Financial Accountability Regime is BEAR on steroids coming for directors and thousands more of the banking elite. read more