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Remediation programs “are taking longer to complete” and the costs are piling up for Westpac. read more

The greenwashing of the narrative of an Australian banking industry promoted as prepared for climate change is the main theme in APRA’s draft Prudential Practice Guide on Climate Change Financial Risk.. read more

The self-employed are, or were, doing it tough, with a fall of 11 per cent in income over the year to September 2020, the ABS’s Household financial resources publication shows. read more

In Melbourne and Sydney, it’s a renters market and lending for investment housing is taking off as the epicentre of credit stress in banking. Rents on two bedroom units in Melbourne, the worst hit mar.. read more

Praising Australia’s handling of the pandemic, Fitch Ratings has revised the outlook for the Big Four banks' credit ratings back to Stable from Negative. Their ratings remain at A+. read more

The approaching breakdown among commercial property developers, it’s organised crime. read more

Rents are cratering in Melbourne and Sydney. read more

Twelve weeks remain for the TFF, and A$92 billion could go to waste. read more

The sale of consumer credit card insurance by Westpac to a handful of customers sees the bank back in court, sparring with ASIC. read more

The languid culture at the top of Commonwealth Bank and its lousy systems and technology receive brutal treatment in the opening round of Federal Court proceedings bought by ASIC over alleged wrongful.. read more