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It may be misleading to say that high debt levels leave Australian households more vulnerable to economic shocks than households in other countries, says the Reserve Bank. read more

The AOFM has received a proposal for a multi-seller warehouse that the AOFM would support through the Structured Finance Support Fund. read more

MyState Ltd will close four branches in central Queensland and two in Tasmania, along with a wealth division office in Tasmania, leaving just seven branches in its network. read more

Litigation funders must hold an Australian financial services licence for any funding arrangement they enter into with litigants after August 22. read more

Risk-weighted assets and gross credit exposure fell heavily at Macquarie Bank over the June quarter, and no wonder. The group has not been spared rising loan delinquencies and the need to implement a.. read more

Debt buyer Pioneer Credit has missed another refinancing deadline, reporting that the latest standstill agreement with its financier expired last Friday. read more

After its first full year as an automotive finance specialist, Money3, has reported strong growth in the size of its loan book and revenue. But it was not all straight driving, with higher impairments.. read more

Bendigo and Adelaide Bank reported net profit of $192.8 million for the 12 months to June 2020 – a fall of 49 per cent from the previous corresponding period. read more

ZipTel shareholders yesterday voted in favour of a proposal to acquire the issued capital of fintech Douugh. read more

ASIC has told lenders it expects them to offer tailored assistance in situations where borrowers require further support when a loan deferral ends. It said that based on its observations, more needs t.. read more