85

The loan loss rate doubled at CBA over FY2020 – to 33 basis points from 16 bps in 2019 – but to a level still less than half the loss ratio of 73 bps in FY2009 in the washup of the GFC. read more

The finance sector is hit almost as hard by the pandemic as the rest of the economy, with firms drawing out payment terms and cutting payroll. read more

Changing habits and resilient business models are testing the place of cash payments and the utility of a shrinking ATM fleet in the Australian payments landscape. read more

In a recession like no other, the aggregate value of ‘real-time gross settlements’ passing through Reserve Bank payments systems is looking crook. read more

It’s early closing – 1970s style – for Bank of Melbourne branches in Victoria. read more

Insolvencies concentrated in the leading edge industries of transport and construction will be ringing alarm bells for banks. On the consumer side there is some evidence – via Firstmac - that the stur.. read more

Credit cards and personal loans are one lending category in deep trouble in banking, the latest APRA overview of loan repayment deferrals due to COVID-19 shows. read more

A household saving ratio of around 20 per cent in the June quarter. No wonder AOFM chief Rob Nicholl is looking to the safety of cash, ‘but with a marginally better return’. read more

The broken state of the bond market was a surprise in Rob Nicholl’s AOFM update for the debt market yesterday. read more

The cost line will be the problem with the Commonwealth Bank profit in two weeks’ time, and CBA will be the biggest sell ever if they pay a final dividend. read more