15

Spending on credit cards increased in 2023 as savings ran down and the cost of living rose, and stress levels increased. read more

Even if the cash rate and loan interest rates do not move any higher in this monetary policy cycle, payments on household debt as a share of household income will continue to rise through 2024, says t.. read more

Activity in Australia’s private debt market slowed markedly in 2023, with growth of 7 per cent in assets – down from 32 per cent in the previous year. read more

The starting date of the Financial Accountability Regime has been put back because a series of ministerial rules required for the operation of the scheme have not been finalised. read more

Gryphon Capital Investments has launched a A$97.3 million capital raising for its listed securitised asset fund, Gryphon Capital Investment Trust, saying it sees an opportunity to diversify the portfo.. read more

Consumer lender Plenti Group has priced a A$375 million issue of asset-backed securities that includes a climate bond certified tranche, with a bigger deal size and tighter margin than its previous gr.. read more

When the Australian Parliament sits tomorrow for its first session of the year it will have three important financial services bills to consider – one making changes to the Reserve Bank, one introduci.. read more

A priority for the payments industry in 2024 will be getting started on the transition of all domestic direct entry electronic payments from the Bulk Electronic Clearing System to the New Payments Pla.. read more

Consumer lenders had mixed results as they worked to balance higher funding costs, rising delinquencies and weaker demand in the December half-year, while maintaining profitability. read more

Lenders have pursued different interest rate strategies for their variable rate and fixed rate mortgage products over the past couple of months, with variable rates going up and fixed rates coming dow.. read more