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APRA is aiming to finalise changes to interest rate risk management rules by the end of June and implement them in October next year, the regulator said in an update yesterday. read more

Debt buyer and lender Credit Corp made a loss in six months to December after increased delinquencies in its US purchased debt ledger book triggered an impairment of US PDL assets. read more

More than half of Australian lenders can only identify customers facing financial stress when payments are missed, and few lenders have data analysis tools sophisticated enough to identify stressed cu.. read more

A new survey shows Australians may have gift cards to the value of over a billion left unused. read more

The difficult funding conditions that hit fintechs last year will continue in 2024, a new McKinsey report on the sector says. read more

Bank fees paid by households increased in the year to June 2023, thanks to higher charges on credit cards used for international travel, but overall fees charged by banks fell over the year. read more

The number of lenders offering cashbacks with mortgages has fallen from the peak of 35 in March last year to 11 now, comparison site RateCity reports. read more

Westpac raised A$2.75 billion through an issue of residential mortgage-backed securities, WST 2024-1, upsizing the transaction from $750 million at launch and paying 105 basis points over the one-mont.. read more

Bank revenue and earnings will fall in the 2023/24 financial year, with ANZ likely to suffer the biggest drop among the majors, Macquarie Securities has forecast in its latest sector outlook. read more

Long-serving Canstar chief executive Andrew Spicer is retiring after running the financial comparison site for 16 years. read more