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Bendigo and Adelaide Bank reported a net profit of A$282.3 million for the six months to December – a 13.4 per cent increase over the previous corresponding period. read more

A former agent of Tyro Payments, Kounta Pty Ltd, has agreed to withdraw legal action against Tyro and pay substantial damages. read more

Mortgage borrowers have surprisingly little understanding of lenders mortgage insurance and few brokers are likely to recommend it to them, new research shows. read more

Commonwealth Bank has estimated that its share of the big banks’ home loan net interest income rose 50 basis points in the financial year ending September 2023, as a result of its decision to prioriti.. read more

ANZ has launched an issue of additional tier 1 securities, seeking A$1 billion or more and with pricing of the hybrids expected to be in a range between 290 and 310 basis points over the bank bill swa.. read more

Macquarie Group is looking to reproduce the digital enhancements it has introduced into its personal banking business in its business banking operation, as it targets higher growth in that market. read more

The sale of Challenger Ltd’s banking subsidiary to Heartland Group was expected to be completed by the end of June 2023, but yesterday Challenger disclosed that the transaction will not be completed u.. read more

The number of actively trading businesses in Australia grew in the 2022/23 financial year, despite a big increase in business closures. read more

The stock of affordable dwellings fell significantly across Australia last year, a new report shows. read more

REA Group is struggling to make headway in financial services, a business it has targeted for growth since it acquired broker franchise group Mortgage Choice in 2021. read more