Treasury to probe governance of payments regulation 07 October 2020 6:04AM The Morrison Government has paved the way for an overhaul of regulatory arrangements in the domestic payments system after announcing a Treasury review to assess whether the existing framework is “fit.. read more
NAB, ANZ boards forced to explain thermal coal mining advances 06 October 2020 5:34AM Climate activist group Market Forces is stepping up campaigns against NAB and ANZ over the two lenders’ continuing support for domestic and overseas fossil-fuel projects. read more
Suncorp curtails “soft dollar” rewards for brokers 06 October 2020 5:26AM Suncorp has moved to rein in lucrative hospitality and other “soft dollar” gifts to mortgage brokers – three months ahead of the Morrison government’s remuneration reforms taking effect. read more
Revolut taps Aussie boss for senior global role 01 October 2020 5:36AM The Australian arm of global fintech Revolut might be looking for a new local boss before the end of the year. read more
86 400 product tweak could stoke boom in hybrid accounts 01 October 2020 5:29AM Neobank 86 400 is continuing to fine tune its deposit product set by expanding the transactional functionality of its flagship savings product, the Save account. read more
Volt Bank calls for RBA to amend TFF scheme 30 September 2020 6:12AM Industry newcomer Volt Bank wants the Reserve Bank to loosen restrictions on new lenders accessing the $200 billion Term Funding Facility as it prepares to write its first home loans. read more
Suncorp intensifies online mortgage push 29 September 2020 5:58AM Two once fashionable but fiddly mortgage products are part of product cull by Suncorp’s new banking boss, Clive van Horen. Suncorp will cease accepting applications for its Access Equity Line of Credi.. read more
RBA’s TFF delivers mortgages to major banks 24 September 2020 6:39AM Small lenders have hit out at the Reserve Bank’s access rules for its Term Funding Facility, arguing that it is delivering a big funding “free kick” to the major banks at the expense of competition in.. read more
Australia’s Tic:Toc reports little fallout from Trump’s ‘TikTok’ storm 24 September 2020 6:34AM Adelaide-based home lender, Tic:Toc Online, says it is not considering plans to rebrand its business to avoid possible reputational fallout from the diplomatic controversy involving the Chinese-owned.. read more
No discount on new Xinja shares 23 September 2020 6:21AM Shareholders in Xinja Bank are continuing to pay more than $4 dollars a share to acquire new equity in the business, according to the company’s latest filing to the Australian Securities and Investmen.. read more