Baird flies NAB coop 06 March 2020 6:03PM 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 28 February 2020 5:17PM 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 24 February 2020 5:47PM 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
Kiwibank increases lending, shrinks profits 24 February 2020 5:43PM New Zealand's fifth largest bank, Kiwibank, reported a net profit $9 million below its December 2018 result, with higher operating costs biting into margins. read more
Mutuals margin erosion threat 21 February 2020 6:01PM 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
APRA to improve accountability 21 February 2020 5:57PM APRA-regulated entities, and APRA itself, should be held to a higher standard of accountability says the regulator's deputy chair. read more
Major banks to cede mortgage market share 17 February 2020 5:29PM Lenders and mortgage brokers predict the nation's overall home loan marker to keep expanding this year, although the major banks may lose out. read more
Slack AMP cops $5m penalty 06 February 2020 4:40PM 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 04 February 2020 4:54PM 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 31 January 2020 5:15PM 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