Digital payments boom stokes ASL bottom line 11 November 2020 5:54AM A surge in fee income and net interest revenue has propelled Australian Settlements Limited to a 50 per cent leap in full year profit. read more
APRA mulls bid to establish Australia’s first Islamic bank 10 November 2020 5:23AM IBANK is the proposed brand name for Australian bank aspirant IBA Group, but the domain name ibank.com.au belongs to someone else. read more
Morrison government walks governance tightrope on payments inquiry 04 November 2020 6:58AM Federal Treasury has revealed the Morrison Government is “satisfied” for Sydney lawyer Scott Farrell to manage any “real or perceived” conflicts of interest he might hold as chair of the department’s.. read more
ING loosens lending policies for investors and owner occupiers 04 November 2020 6:41AM ING Bank has announced it will loosen its underwriting rules for owner occupier and investment home loans as part of a renewed push for market share. read more
Finsure drives BNK 03 November 2020 5:57AM After reining in home lending activity in May due to the COVID-19 pandemic, BNK Banking Corporation has reported a moderate uptick in loan settlements in the September quarter. read more
86 400 posts $22 million loss in start-up year 02 November 2020 5:57AM Banking newcomer 86 400 more than doubled its bottom line loss last year after launching its maiden deposit and loan products in the Australian market. read more
Westpac throws deposit rate incentive at loan guarantors 02 November 2020 5:48AM Westpac has wheeled out some innovative incentives to retrieve market share in the first home buyer market while enhancing the risk profile of the new loans it writes. read more
Banks do their bit for inflation 29 October 2020 4:59AM CBA gives ground on pay, but a much-needed enterprise deal is not done yet. read more
ANZ warns of $528m hit to earnings 28 October 2020 6:23AM ANZ Bank’s share price is expected to come under pressure this morning after the company issued a profit warning last night. read more
Bendigo lending surges, downplays compliance failings 28 October 2020 6:19AM Bendigo and Adelaide Bank has reported a sharp increase in lending volumes, with new mortgage business soaring by 16.1 per cent in the September quarter. read more