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Too little time is spent considering the unbelievable personnel costs line, which blows away any remaining claims to efficiency or productivity in banking read more

The level of non-performing mortgages across the banking industry hit a record of $21.3 billion in March 2024, quarterly APRA data yesterday shows. read more

The cards business of banks is not what it was, with two trends exacerbated by the cost of living crisis in Australia. read more

The availability of banknotes “was important from a financial stability perspective” the Reserve Bank of Australia has told industry representatives participating in a Working Group on the future of c.. read more

Losses from the pernicious problem that is scams are being mitigated, at least from the point of view of banks, via the agency of the Australian Financial Complaints Authority. read more

Annual growth in new housing lending stands at 24.6 per cent. read more

We pay less when we pay cash, academic analysis confirms. read more

Any merger of Beyond Bank and Police & Nurses would create a mutual with close to $20 billion in assets, making it the fourth largest. The enlarged mutual bank will have around 450,000 members, wh.. read more

If and when there is any progress to a central bank digital currency in Australia, the use case or use cases will be “in a wholesale sense”, Michele Bullock, governor of the Reserve Bank told Senate E.. read more

A clutch of opinionated voices have formed the Independent Payments Forum. They are Brad Kelly, Warwick Ponder, Russell Zimmerman, and Peter Drennan. A trio of influential small business associations.. read more