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After more than seven years work, a high-minded class action on behalf of bank customers with mortgage loans from Australian banks is closer to the stage of finally recruiting class members. read more

APRA says it is “giving careful thought to which tools might work best” if it needs to act on housing prices and housing credit. read more

At John Macfarlane’s Westpac, the clearance sale seems to be on. But the real question is why the bank took 10 years to wake up to the twin follies of rebooting Bank of Melbourne in 2011, and even sav.. read more

Demand for credit tanked over the December 2020 quarter. read more

Home loan refis in two or three days is the KSP of Volt Bank as it crashes into mortgage funding, and not the only one. read more

The Mayfair 101 Group, have been hammered in a Federal Court ruling that is delayed justice for ASIC and the many gullible, poorly-advised citizens that invested in debentures under false pretences. read more

The Arch Capital disruption of Australia’s lenders mortgage insurance sector continues, with Westpac deciding to sell its captive LMI to Arch. read more

The topsy turvy bank that is Westpac has decided - for the third time in 20 years - that there is strategic clarity in combining the consumer and business banking divisions. read more

Credit write-offs were three times as high in 2020 at $12.4 billion over 2019 – and if the GFC is any guide, the bad debt charge for banks in 2021 will be the same again, only worse. read more

Zeller, a flashy payments fintech, will soon punch into Australian financial services. read more