Bloated tourism book weighs on BoQ

What looked to George Frazis a month ago as a core strength of the Bank of Queensland could soon be revealed as a powder-keg on the company's balance sheet. read more

First home buyer scheme tweaked

The Morrison Government has moved to shield new home buyers from the impact of the ban on real estate auctions by extending the loan approval period for borrowers signing on to the first home loan dep.. read more

Big brands shed deposits

Australia's traumatic bushfire season appears to have taken a toll on deposit funding in February, with official data showing the overall flow of cash into customer accounts slowed to a trickle. read more

QBE reins in LMI coverage

QBE has begun notifying home lenders that it has suspended mortgage insurance coverage for new loans taken out by home buyers employed in industries hard hit by the COVID-19 crisis. read more

BoQ abandons profit guidance

The earnings slide at Bank of Queensland is almost certain to intensify this year after the company binned the profit guidance given to the market in late February. read more

Macquarie shields borrowers' credit scores

Macquarie appears to be the first Australian bank to introduce measures that will shield the credit scores of home borrowers who miss loan repayments during the COVID-19 health emergency. read more