Offset buffers keep growing 10 May 2024 12:45AM 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
Broad rise in arrears at CommBank 10 May 2024 12:43AM 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
New CEO says Judo ready for diversification 10 May 2024 12:39AM 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
Prospa sale on track 10 May 2024 12:33AM The buyer of non-bank lender Prospa plans to borrow part of the funding needed for this takeover from the target. read more
Global debt three times global GDP 10 May 2024 12:28AM 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
Big banks and brokers the best of frenemies 09 May 2024 12:58AM 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
RBA holds, lenders move 09 May 2024 12:51AM 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
Private debt funds are flavour of the month 09 May 2024 12:47AM AMP is committing $300 million in seed funding to its Alternative Debt Fund. read more
EV finance a multi-billion dollar market 09 May 2024 12:44AM The Australian Finance Industry Association reported that its members provided close to A$2.5 billion of electric vehicle finance in 2023. read more
ANZ Plus hitting its straps 08 May 2024 5:51AM 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