Andrew Irvine sticks to McEwan's script 03 May 2024 1:18AM Latest news John Kavanagh NAB’s new chief executive Andrew Irvine hosed down speculation of big changes around strategy, by saying the market should not expect any “major pivot”. read more
Credit quality issues emerge at NAB 03 May 2024 1:16AM Latest news John Kavanagh At first sight, NAB’s credit quality looks to be in good shape, but there is more to it. read more
Margin pressures easing NAB says 03 May 2024 1:11AM Latest news John Kavanagh Margin pressures that have hit bank earnings over the past year are starting to moderate. read more
NAB results at a glance 03 May 2024 1:02AM Latest news John Kavanagh Not as crappy as they first seem, though profits fell across the board at NAB. The bank's corporate and institutional banking is doing best at margins. read more
Fake term deposits scams 'better than ever' 03 May 2024 12:51AM Latest news John Kavanagh Crooks behind fake term deposits scams and dodgy bond investments have upped their game, and consumers need to be even more wary. read more
NAB completes NZ wealth restructure 02 May 2024 8:07AM Latest news John Kavanagh NAB has completed the restructure of its New Zealand wealth management business and expects to make a pre-tax gain of around A$400 million from the deal. read more
Westpac promises no regional branch closures before 2027 02 May 2024 8:05AM Latest news John Kavanagh Westpac is extending a moratorium, first put in place in February last year, on regional branch closures until at least 2027 while it “upgrades” regional services. read more
Consumer finance market conditions tighten 02 May 2024 8:03AM Latest news Ian Rogers Lenders appear to be increasingly wary of their exposure to the consumer finance market, with a number increasing personal loan rates over the past month and cutting back on credit card balance transf.. read more
IBoA faces funding crisis 01 May 2024 7:15AM Latest news John Kavanagh Another neobank is about to bite the dust, with International Bank of Australia struggling to meet its funding target under a capital raising. read more
Heartlands Challenger Bank acquisition completed 01 May 2024 7:13AM Latest news John Kavanagh Heartland Group received final approval for its acquisition of Challenger Bank and notified the market that it completed the transaction. read more
AMP Bank looks for a tech solution 01 May 2024 7:11AM Latest news John Kavanagh AMP Bank has partnered with financial technology company Simpology to develop a new home loan application process, aimed at providing a “superior broker experience. read more
Bank scam compo the populist choice 01 May 2024 7:09AM Latest news Ian Rogers Two thirds of bank customers expect their bank to replace any money that was taken via a scam. read more
Engineering payments fraud 30 April 2024 6:26AM Latest news Ian Rogers The New Payments Platform may already be the fraudsters' payments system of choice, if European experience is any guide. read more
Has credit reporting passed its use by date? 30 April 2024 4:09AM Latest news John Kavanagh The big question the government’s review of Australia’s credit reporting framework will address is whether credit reporting remains of value to lenders in light of the development of financial data sh.. read more
Perpetual confirms sale talks with KKR 30 April 2024 4:07AM Latest news John Kavanagh Perpetual has confirmed that it is negotiating to sell its corporate trust business, putting the biggest trustee in the Australian loan securitisation market on the block. read more
Savers reluctant to shop around for a better rate 30 April 2024 4:05AM Latest news John Kavanagh Two-thirds of Australians with retail bank savings accounts have never changed their accounts, despite the opportunity to earn more interest with another product or ADI. read more
Urban Rampage livid over ASIC final stop order on store credit 29 April 2024 4:38AM Latest news John Kavanagh Whether ‘racist’ or reasonable, ASIC’s final stop order preventing Urban Rampage from signing up customers to Centrepay credit arrangements is a landmark use of its Design and Distribution Obligation.. read more
NSW banking tender wide open to fintechs 29 April 2024 4:20AM Latest news Ian Rogers Fintechs are being validated in Australia like never before. The NSW government is openly inviting fintechs to play hard in an upcoming tender for whole of government payments services. read more
De-banking crypto helps curb scam losses 29 April 2024 4:13AM Latest news Ian Rogers Efforts by banks, telcos and others to combat the scourge of scams are bearing fruit. The Targeting Scams report reveals a 13 per cent decline in reported scam losses to $2.7 billion over the year to.. read more
Armaguard and banks reach terms 26 April 2024 4:59AM Latest news Ian Rogers Incredibly, Prosegur are interested in buying Armaguard, but this won’t be needed. The ABA is understood to have reached terms with Armaguard that will assure cash distribution is maintained. read more