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The accelerating demise of residential home builders, especially over recent weeks, may soon be compounded by a decline in credit availability to the sector. read more

Zip has to be perilously, incredibly close to a breach of its covenants with NAB, and thus receivership looms. read more

The finance sector in Australia “will see a decline in confidence soon”, in tandem with retail, housing and construction, Anneke Thompson, chief economist at CreditorWatch told an industry webinar yes.. read more

Factoring champion and SME credit disruptor Butn is skipping along, profiting more than anything from a cosy introducer partnership with small business accounting powerhouse MYOB. read more

For the third time this year Victorian mutual bank BankVic has elected to lift home loan rates by less than the move in the Reserve Bank’s cash rate.  read more

APRA plans to remove ‘pillar 3’ disclosure requirements for most banks and ADIs from next year. read more

National Australia Bank has pledged its backing for an indigenous Voice to Parliament, and may be the first bank (and one of very few big businesses) so far to do so. read more

Islamic Bank Australia has secured a restricted authorised deposit-taking institution authority from APRA. read more

Westpac will close another 24 branches shortly, taking the number of branch closures recently to more than 100. read more

Volt Bank clients - fintechs and others – are this morning scrambling to identify and engage with alternative suppliers of a banking-as-a-service offering, and minimise damage to their own businesses. read more