MacBank to terminate telephone banking, cash deposits and cheques in 2024 07 September 2023 5:53AM The war on cash and cheques at Australian banks is about to intensify with two of the country’s leading deposit takers – Macquarie and CBA - flagging new measures to manoeuvre customers away from anal.. read more
Suncorp shaves mortgage rates for package borrowers 06 September 2023 5:54AM Suncorp has reduced a range of mortgage rates under its range of package offers to owner occupiers and investment borrowers. read more
Linfox Armaguard boss says ACCC undertakings will be honoured 05 September 2023 6:13AM Linfox Armaguard’s executive chairman Peter Fox says his company will comply with all of the undertakings given to the competition regulator before the merger with Prosegur’s ATM and cash logistics bu.. read more
P&N sweetens upfront commissions, slashes trail paid to brokers 05 September 2023 6:07AM Perth-based customer owned bank P&N has sweetened upfront payments to mortgage brokers and reined in trail commissions under a revamped remuneration model that takes effect this month. read more
AMEX and Afterpay part ways 05 September 2023 6:01AM In a move almost certain to rile rewards points junkies, Afterpay is about to jettison American Express as a payment method for its buy now pay later customers. read more
Auswide flags modest growth in 'highly challenging' market 31 August 2023 6:15AM Queensland-based Auswide Bank says it will be focusing intensely on expense management this year after soaring overheads and funding costs stymied earnings growth in the 12 months to the end of June. read more
Kina Bank improves profit despite heftier tax bill 31 August 2023 6:05AM A big increase in the corporate tax rate applied to Papua New Guinean banks did not prevent ASX-listed Kina Bank from delivering a higher interim profit. read more
Heartland eyes further expansion in Australia as profit flattens 30 August 2023 5:48AM Margin contraction and slowing loan volumes slapped the brakes on earnings growth at New Zealand-based banking group Heartland in the 12 months to the end of June. read more
EML rallies after massive loss 30 August 2023 5:47AM Troubled ASX-listed company EML Payments is banking on deep cost reductions and higher interest-related revenue to drive a turnaround in the company’s financial performance in 2024. read more
Revolut establishes new lending arm in Australia 29 August 2023 5:52AM Revolut is poised to unveil its first lending product in Australia, more than seven months after it obtained a credit licence from the local corporate regulator. read more