Liberty picks up where banks can't follow

Non-bank, non-ADI lender, Liberty Financial, has reported a 10 per cent increase in its consolidated pre-tax profit in 2018 of A$83.9 million, up from $76.3 million in 2017, courtesy of business the b.. read more

Trade credit risk ramps up

Slackening trade credit management and an unwillingness among debt recovery teams to chase down difficult business debts are two trends to emerge from a mid-year survey of 300 trade credit managers by.. read more

Westpac chief concedes over royal commission

Westpac chief executive Brian Hartzer, appearing in front of the House of Representatives economics committee for the first time since the banking royal commission began, was forced to take a more con.. read more

ABA caves in over fees for no service

In a further reaction to the royal commission, the Australian Banking Association has changed its Banking Code of Practice to ensure a customer's estate is treated more responsively; the ABA will also.. read more