Booming Tic:Toc posts bigger loss 25 October 2022 5:48AM Australia’s fastest growing mortgage origination startup - Tic:Toc Online - has posted a bumper rise in annual revenue but higher expenses pushed it to a deeper loss last year. read more
Westpac opens ballot on staff pay offer 25 October 2022 5:31AM The bitter feud between Westpac and the Finance Sector Union has reached a decisive moment, with around 25,000 staff set to vote on a proposed enterprise deal advanced by the bank. read more
MyState rallies on bullish profit update 20 October 2022 6:04AM Hobart-based financial services provider MyState Limited is on track to record bumper earnings in 2023 after posting an unaudited 41 per cent leap in bottom line profit for the September quarter. read more
Banks under fire for heavily discounted retail deposits 19 October 2022 6:22AM Australian banks and credit unions are paying up to 15 times the amount of interest on term deposits to government agencies, local councils and superannuation funds than what they shell out to retail.. read more
APRA aims blowtorch at RACQ management 13 October 2022 5:41AM Customer-owned insurance and banking group RACQ has been put on notice by the prudential regulator to address deficiencies in its risk management systems after a regulatory review found the company ha.. read more
Bendigo's community branches set to harvest big revenue gains 12 October 2022 6:23AM Bendigo Bank faces additional margin pressure after its community-owned branches signalled they are on track to carve out big earnings gains this year under revenue-sharing agreements with their franc.. read more
Armaguard and Prosegur say decline of cash set to accelerate 11 October 2022 5:03AM Merger hopefuls Armaguard and Prosegur believe that the use of cash in the Australian economy is set to slide at an accelerating rate over the next decade, according to disclosures in their merger app.. read more
Banks continue to penalise millions of loyal depositors 06 October 2022 6:01AM The country’s four major banks and other deposit takers are facing intense scrutiny from policymakers and consumer advocates over their calculated efforts to skew rate increases in favour of new depos.. read more
Banks face backlash over inaction on deposit rates 05 October 2022 6:15AM Three of the big four banks will be in the bad books for cynicism on savings rates. read more
NAB enterprise talks enter critical phase 05 October 2022 5:52AM Enterprise negotiations between the National Australia Bank and the Finance Sector Union have entered a critical phase. read more