Interest-only flow settles at 20%

Interventions by APRA that curtailed riskier mortgage funding by banks "have served their purpose," Wayne Byres, head of the prudential regulator said on Friday. Byres did not address the criticism of.. read more

Tall stories ahead at Banks RC

The first hearing of the Royal Commission into Misconduct in Banking will take place this morning, in Melbourne. Agribusiness financing looks like one theme of interest. read more

Farrell slides open banking fad

The principles of "Open Banking" will apply to 27 financial products, and regulation will be overseen by the ACCC, if the findings of a review by Scott Farrell, a partner at King & Wood Mallesons,.. read more

Insto retreats at CBA

Credit losses in Commonwealth Bank's Institutional Banking and Markets division spiked over the December 2017 half year, amid a further overall improvement in group credit quality for the bank. read more

Profit up at ASB as dairy debts drop

CBA's New Zealand unit, ASB, has reported a net profit of NZ$593 million for the six months to December 2017, as its impaired debt charges dropped and its lending expanded. read more