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• Ian Rogers

Westpac is for sale and the deadline is 3 years off. A bombshell sale to Bank of China, an all cash offer, this is by far Westpac's best option. If not this then something very, very like this. Singap.. read more

• John Kavanagh

All the major banks reported increases in their mortgage offset account balances in their first half results, indicating that what was seen as a short-term approach to parking stimulus payments during.. read more

• John Kavanagh

The asset quality of Commonwealth Bank’s mortgage book took a turn for the worse over the March 2024 quarter, with the credit quality of the corporate book also on the slide. read more

• John Kavanagh

A sharp spike in arrears over the March quarter is no barrier to Judo Bank’s plans to grow and diversify as a business lender. read more

• John Kavanagh

The buyer of non-bank lender Prospa plans to borrow part of the funding needed for this takeover from the target. read more

• John Kavanagh

The Institute of International Finance has released its latest Global Debt Monitor, reporting that global debt rose by US$1.3 trillion in the March 2024 quarter to a new record high of US$315 trillion.. read more

• John Kavanagh

Banks are looking for ways to preserve margins in their home loan businesses and one area where they are taking a harder look is their relationships with brokers. read more

• Ian Rogers

NAB is stirring things up in the subdued world of PayTo. PayTo needs all the help it can get. read more

• John Kavanagh

The Reserve Bank has held the cash rate steady since late last year but lenders have been busy adjusting home loan rates to address competitive and margin management issues, as well as positioning the.. read more

• John Kavanagh

AMP is committing $300 million in seed funding to its Alternative Debt Fund. read more

• John Kavanagh

The Australian Finance Industry Association reported that its members provided close to A$2.5 billion of electric vehicle finance in 2023. read more

• John Kavanagh

After two years of operation, ANZ’s digital retail brand ANZ Plus is growing customer numbers and deposits strongly and is proving its value as an efficient banking platform. read more

• John Kavanagh

ANZ reported a net profit of A$3.4 billion for the six months to March 2024 – a fall of 4 per cent. read more

• John Kavanagh

The Customer Owned Banking Code Compliance Committee has welcomed an increase in reported breaches of the industry code, saying it reflects an improvement in reporting practices. read more

• John Kavanagh

Consumers and business are relying more on credit cards to manage payment obligations and overcome uneven cashflow, but they are keeping their account balances under control. read more

• John Kavanagh

Westpac is pinning its hopes for re-energising its business on a technology simplification program, Project Unite. read more

• John Kavanagh

Westpac’s multi-year project to fix its risk governance, the CORE program, is complete, with independent reviewer Promontory Australia reporting that the bank has delivered all activities under the pr.. read more

• John Kavanagh

Westpac reported net profit of A$3.34 billion for the six months to March 2024 – a fall of 18 per cent compared with earnings of $4 billion in the March half last year. read more

• John Kavanagh

Business credit demand increased by 0.7 per cent in the March quarter, compared with the same period last year, according to the latest Equifax Commercial Insights report. read more

Macquarie Bank is having trouble doing enough new lending to soak up the inflow of funds from its strong deposit franchise. read more