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“Solvency pressures are mounting as credit risks come to the fore,” the APRA chief said in a speech last night. read more

National Australia Bank increased its post-results capital raise under the retail share purchase plan by A$750 million, taking the bank’s total capital raise to $4.25 billion. read more

Xinja Bank “raised $10 million [in capital] last week” the bank dumbfounded its depositors with a comment on blog post last night. read more

Origination volumes in the 17 months since Symple Loans’ launch in January 2019 “are approaching $40 million,” CEO Bob Belan tells Banking Day. read more

In Matt Comyn’s C-suite a push to overturn the old boys culture is overdue. read more

Good old cash may be staging the beginnings of a comeback in the face of the surge in digital payments due to the pandemic, depending on the nostalgia and preferences of consumers as lockdown rules ea.. read more

The deferral of bank dividends may be a long-lasting policy Wayne Byres, the APRA chief, suggested yesterday. read more

The Reserve Bank's policy measures announced in mid-March “are working as expected” RBA governor, Philip Lowe, argued yesterday. read more

Westpac’s “defence” to the landmark anti-money laundering litigation with AUSTRAC is that it barely has one. Many systems and checks failed, including second-line and third-line defences. read more

  Steering questions off to notice, with plenty of ‘I’m not sure’ and a bit of ‘you’ll have to ask them’, ME’s Jamie McPhee got the better of the House Economics committee yesterday. read more