22

Efforts by banks and others to mitigate losses to scams are bearing fruit, with a decrease in scam losses over the March 2024 quarter. read more

Commonwealth Bank of Australia’s Business Bank has agreed to accept pre-sale contracts (up to 10 per cent) secured through property tech platform, Coposit, in residential development projects funded b.. read more

Business conditions will feel recessionary to most businesses that rely on consumer spending, particularly those businesses located in ‘mortgage belt’ areas of our capital cities. read more

Joseph Heck has been appointed as Zip’s new US CEO and will commence in the role in July 2024. read more

Lenders may need to review their credit policies after an ASIC study of handling hardship cases found that overcommitment was the leading cause of hardship. read more

In a first for industry bargaining, the Finance Sector Union has included a four day work week in its log of claims for a new enterprise agreement at Westpac. read more

ubank and NAB have outflanked Up and Bendigo.   read more

A new, purpose built headquarters doesn’t feature in current RBA planning to permanently move on from its heritage headquarters in Sydney.  More’s the pity, because then the likes of Parramatta and Pe.. read more

More than half of all small and medium businesses want relief from ATO collection activities, which they won’t be getting. The Australian Taxation Office in last night’s budget received a ton of new f.. read more

Andy Maguire, an experienced banking technologist, will join the board of Westpac around the middle of the year. read more