Banks given 35 days to report to APRA

APRA will require ADIs to submit required quarterly reporting forms within 35 calendar days after the reporting period, the banking regulator foreshadowed yesterday in response to a consultation on pr.. read more

NAB a high cost bank

NAB added around 490 new customer facing and operational roles to its business and private banking division last year, a reminder that “simpler” banks – the industry vogue – are inefficient banks. read more

Shayne Elliott blows ANZ blues

The second weakest of the big Australian banks continues to tell improbable stories, ANZ an acidic reminder of the ills of an industry and its place as first mover or early mover in the grand realignm.. read more

Banks planning to indulge over TFF finale

With lending to business headed in the wrong direction, Westpac may be hard placed to optimise its use of the Term Funding Facility – to which all banks lose access in eight weeks’ time. read more

Judo steady in neobank chase

The three neobanks hold less than $3 billion in deposits between them. Judo Bank holds 70 per cent of this cash and their combined market share is barely 0.10 per cent. read more

Xinja now a no-name ex bank

The company formerly known as Xinja has a new name and a new direction – wealth platform technology – and the failed bank even claims to have banking technology IP to sell. read more