76

ATM withdrawals are down by as much as 70 per cent in Sydney, and confidence measures nationwide are souring as the Covid-19 lockdowns look set to be extended in Melbourne and Sydney. read more

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

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

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

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

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

A watered down version of APRA’s tolerance for the upswing in forbearance and loan deferrals across the industry is being prepared. read more

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

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

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