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ME Bank’s controversial attempt in April to limit redraws across its mortgage book not only backfired from a customer relations perspective, but it appears to have induced a surge in the activity it a.. read more

Business banking aspirant Go Bank Limited is considering an option to rebrand the organisation as its licence application continues to be assessed by APRA. read more

Mystery surrounds the reasons underpinning the sudden resignation of BNK Banking Corporation chief executive Simon Lyons. read more

Demand for guarantees under the Morrison Government’s First Home Loan Deposit Scheme now exceeds capacity after the limit of 10,000 borrower reservations was reached last week. read more

Xinja Bank has applied for financial support under the Morrison Government’s JobKeeper program as investor concerns intensify over recent staff departures and a strategic decision to delay entry into.. read more

Small business groups and government agencies are ramping up pressure on the major banks to offer least cost routing on contactless debit transactions as part of merchant servicing plans. read more

Eftpos Australia has fired a salvo across the bows of global payments giants Mastercard and Visa, with a move to charge small merchants the same interchange fees as big supermarkets and other chain re.. read more

Bank of Queensland has embarked on an aggressive pricing strategy to revive its struggling mortgage business through its Virgin Money arm and its house-branded retail banking operation. read more

Banks are coming under extreme pressure to lower rates on frequent flyer cards amid the Virgin Australia administration and the global lockdown of the airline industry. read more

The ASX listed scrip of Genworth Australia – the country’s largest mortgage insurer - was hit by another bout of selling on Monday after S&P placed the company’s long term credit ratings on negati.. read more