1

All the major banks reported increases in their mortgage offset account balances in their first half results, indicating that what was seen as a short-term approach to parking stimulus payments during.. read more

The asset quality of Commonwealth Bank’s mortgage book took a turn for the worse over the March 2024 quarter, with the credit quality of the corporate book also on the slide. read more

A sharp spike in arrears over the March quarter is no barrier to Judo Bank’s plans to grow and diversify as a business lender. read more

The buyer of non-bank lender Prospa plans to borrow part of the funding needed for this takeover from the target. read more

The Institute of International Finance has released its latest Global Debt Monitor, reporting that global debt rose by US$1.3 trillion in the March 2024 quarter to a new record high of US$315 trillion.. read more

Banks are looking for ways to preserve margins in their home loan businesses and one area where they are taking a harder look is their relationships with brokers. read more

The Reserve Bank has held the cash rate steady since late last year but lenders have been busy adjusting home loan rates to address competitive and margin management issues, as well as positioning the.. read more

AMP is committing $300 million in seed funding to its Alternative Debt Fund. read more

The Australian Finance Industry Association reported that its members provided close to A$2.5 billion of electric vehicle finance in 2023. read more

After two years of operation, ANZ’s digital retail brand ANZ Plus is growing customer numbers and deposits strongly and is proving its value as an efficient banking platform. read more