Judo calls 'trough NIM' for the June half

Judo Bank released some headline numbers for the December half-year yesterday, ahead of the report of its interim financial results next month, as well as a forecast that its net interest margin will.. read more

Compensation scheme sets levy

Large banks and insurers will pay an initial levy of A$241 million for historical claims to be handled by the new Compensation Scheme of Last Resort. read more

Hardship support not up to scratch

The majority of lenders in the Australian consumer credit market are not giving their customers appropriate hardship support, according to Financial Counselling Australia’s latest Rank the Banks repor.. read more

Change gets underway at the RBA

The Reserve Bank will introduce a number of new procedures and structural changes this year, starting at its monetary policy meeting next month, while other changes recommended by the RBA Review requi.. read more

Business failures up strongly

Almost every industry suffered double-digit increases in the rate of business failure over the past year, with the biggest increases in external administrations in public administration and safety, he.. read more

New payments regulatory framework unveiled

Treasurer Jim Chalmers has followed up the release of draft legislation in October that expands the regulatory coverage of the payments system, with the release last week of a consultation paper that.. read more