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The worldwide assault on bank profits will exceed US$2.1 trillion over 2020 and 2021, S&P Global Ratings concludes in a lengthy assessment of the COVID-19 pandemic and its “large and long-lasting.. read more

Deferred home loans represent 11 per cent of the $1.7 trillion combined mortgage book of the 20 largest banks and ADIs. But the data is fluid and its reliability questionable. read more

Once at the forefront, neobanks and fintechs are nowhere to be seen in the world of consumer credit reporting. ARCA have shared rare insight into the composition of the consumer credit market. OTOH ha.. read more

Sixteen months after being tasked to do so, APRA has disposed of three of the 12 cases that Kenneth Hayne referred to the regulator for further investigation in the banking royal commission’s final re.. read more

The ABA has suspended publication of its weekly updates on new levels of lending and loan deferrals. read more

Interest rates on home loans in Australia are now less than 2 per cent. read more

Fintech startup Parpera has backed away from a plan to wrap itself in a neobank label from early on. read more

Westpac and ASIC will this morning learn the decision of a full bench of Federal Court over a ruling in the bank’s favour last August. read more

It’s open season in neobank and fintech world, no need for a licence to call yourself a bank. In the vanguard in Australia, look out for Parpera, a Sydney start-up with method and not much money. read more

The BIS ponder red-hot risks in long global banking report: How are household finances holding up against the Covid-19 shock? The spotlight thrown on Australia confirms there is wealth to shred and th.. read more