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Westpac has spent $100 million on scam prevention measures over the past two years, with customer scam losses down over 30 per cent year on year. read more

For Wisr, profits always seem just over the horizon. read more

CBA reported statutory net profit after tax of A$9.48 billion for the year to 30 June 2024. This was down 6 per cent on the previous year's result, and 4 per cent below the first half of FY24. read more

The way has been cleared for But Now Pay Later services to be regulated under national consumer credit laws, if recommendations from the Senate Economics Legislation Committee are followed. read more

Digital lending outfit MoneyMe released its fourth quarter trading update, showing a return to growth for its loan book, although gross revenue remained steady at A$54 million (up by $1m on 3Q24, and.. read more

A couple of more unusual securitisation deals were finalised yesterday. Neither is notable for its absolute size, but these are both firsts in their more specialised patches of the lending landscape –.. read more

S&P expects credit losses should remain low over the next two years, at about pre-pandemic levels of 15 basis points. read more

There is a significant disparity in spending behaviours, as renters pull back on spending while mortgage holders and outright owners have increased spending. read more

Westpac has reversed long term customer churn among larger sized businesses. read more

The Federal Court has found Firstmac Limited breached provisions by failing to take reasonable steps that would have resulted in one of its investment products being consistent with its target market.. read more