Baird flies NAB coop

Mike Baird consumer chief of NAB will leave the bank on 15 April - the first C-suite change of the McEwan era. read more

Growing pains prove costly for Afterpay

The ASX-listed Afterpay Ltd has reported a half-year statutory loss before tax of $35.8 million for the six months to December 2019, a jump from the $21.5 million pre-tax loss in the prior comparable.. read more

MyState's tech upgrade boosts NPAT growth

Diversified financial services provider MyState Limited continued to benefit from its digital make-over, announcing a net after tax profit of A$15.1 million for the half-year to December 2019, up 5.4.. read more

Mutuals margin erosion threat

Low interest rates in Australia are likely to weigh on domestic lenders' margins and earnings over the next two years, and mutual ADIs are particularly vulnerable, says a report from S&P Global Ra.. read more

Slack AMP cops $5m penalty

Lacklustre investigation into probable breaches by financial planners leaves AMP embarrassed and its management failings recounted in detail by the Federal Court. read more

X15 and CBA seek AI dreamers

Commonwealth Bank, buoyed by last week's launch of its partnership with Swedish payments giant Klarna, unveiled X15 Ventures, a play to attract - and possibly retain - fintechs for its customer base. read more

CBA enters buy now pay later via Klarna

Digital payments provider Klarna launched in Australia yesterday, with CBA announcing that it had invested a further US$200 million in the Swedish buy now pay later company. read more