Broad decline in NAB asset quality

NAB’s business borrowers are feeling stressed, with a “continued broad-based deterioration in the Business & Private Banking business lending portfolio” over the June 2024 quarter. read more

Conditions lousy for many businesses

Trading conditions for many businesses are declining and likely to worsen while consumer sentiment and retail trade are so flat, CreditorWatch concludes in its latest Business Risk Index. read more

RBA doubles down on least-cost routing

“Further regulatory intervention” in the arena of debit payments is on the cards, and probably certain, with the Reserve Bank venting more frustration over the roll out of least-cost routing. read more