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A fall in data breaches reported by the financial services industry last year suggests the work by banks and other financial institutions to improve cyber security is starting to pay off. read more

Consumer lender MoneyMe stuck with its focus on higher quality borrowers and secured finance during the December half, helping it reduce credit losses. It has no plans to change that approach. read more

EML Payments has extended the contract of interim chief executive Kevin Murphy until the end of June as it works through the restructuring of the group. read more

The Australian government’s Home Guarantee Scheme is undercutting the lenders mortgage insurance market to the tune of around A$250 million a year, LMI sector leader Helia says. read more

The Australian Business Securitisation Fund has made its latest investment, committing A$225 million to a warehouse facility sponsored by SME lender Dynamoney. read more

The worst in the industry, Westpac’s mortgage delinquencies hit 95 basis points in the December quarter – an increase of 9 basis points in three months. read more

CBA claims to have the highest net promoter score among the big banks in retail, business and institutional banking. It also claims the highest “main financial institution” shares in retail and busine.. read more

The pricing of non-bank issues of residential mortgage-backed securities has tightened since the start of the year, as strong demand for locally issued RMBS and ABS continues. read more

Overall business credit demand fell in the December quarter, but asset finance applications were surprisingly strong, indicating that many companies are still investing. read more

Commonwealth Bank reported a net profit of A$4.8 billion for the six months to December 2023 – a fall of 8 per cent compared with the previous corresponding period. read more