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The rate of bank branch closures in Australia is accelerating, with more than 10 per cent of branches closing over the year to June 2023. And despite widespread concern about regional branch closures,.. read more

Debt buyer and lender Credit Corp has reported a “sustained deterioration in collection conditions” in its US business, foreshadowed an impairment of the value of its US purchased debt ledger assets a.. read more

Australian Payments Plus has launched its identity verification service Connect ID, promising ID checks without sharing “unnecessary data”. read more

One in three first home buyers received support through the Home Guarantee Scheme during the 2022/23 financial year, with arrears under the scheme below broader market benchmarks. read more

The chair of consumer lender Wisr, John Nantes, is stepping down from the board to spare the company any reputational damage in relation to criminal charges brought against the former chief executive.. read more

Great Southern Bank grew its mortgage book by 6.6 per cent in the year to June, with this above system growth largely due to its penetration of the first home buyer market. read more

APRA plans to update its bank liquidity standard (APS 210), in the wake of the failure of Silicon Valley Bank and other banks in the US earlier this year. read more

Bank Australia has taken the unusual step of breaking out details of its “impact assets” in its 2023 Financial Report and it has set a target for the proportion of this type of asset on its balance sh.. read more

Consumers and business owners would have liked their banks to pass on more of the cash rate increase over the past year in the form of higher deposit rates, but it turns out Australian savers have don.. read more

Home loan borrowers are betting that the monetary policy tightening cycle has ended, opting for variable rate loans in record numbers. read more