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ANZ reported a net profit of A$3.4 billion for the six months to March 2024 – a fall of 4 per cent. read more

The Customer Owned Banking Code Compliance Committee has welcomed an increase in reported breaches of the industry code, saying it reflects an improvement in reporting practices. read more

Consumers and business are relying more on credit cards to manage payment obligations and overcome uneven cashflow, but they are keeping their account balances under control. read more

Westpac is pinning its hopes for re-energising its business on a technology simplification program, Project Unite. read more

Westpac’s multi-year project to fix its risk governance, the CORE program, is complete, with independent reviewer Promontory Australia reporting that the bank has delivered all activities under the pr.. read more

Westpac reported net profit of A$3.34 billion for the six months to March 2024 – a fall of 18 per cent compared with earnings of $4 billion in the March half last year. read more

Business credit demand increased by 0.7 per cent in the March quarter, compared with the same period last year, according to the latest Equifax Commercial Insights report. read more

Attorney-General Mark Dreyfus has launched a new round of consultation with industry over the government’s plan to extend Australia’s anti-money laundering and counter-terrorism financing regime to co.. read more

An increase in the size of the average home loan, in line with higher property values, has been the main reason for the growth in the value of new mortgage lending over the past year. read more

Jo Mikleus, senior vice president of AI and cybersecurity company Cyble Inc, has joined the board of Avenue Bank as a director.  read more