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Heritage Bank and People’s Choice Credit Union overcame the distractions of their merger and integration to maintain growth in lending and deposit taking over the 2022/23 financial year. read more

Central banks added 77 tonnes of gold to their reserves in August, the third consecutive month of strong buying, the World Gold Council reported. read more

A court has ruled that a bank must have a valid commercial reason to terminate a banking relationship and that it cannot always rely on contract terms to give a “bare termination notice” without reaso.. read more

Commonwealth Bank has started offering open banking to facilitate mortgage broker loan applications, using NextGen’s ApplyOnline platform. read more

Following the successful completion of its e-conveyancing interoperability trial last month, the Australian Registrars’ National Electronic Conveyancing Council has set provisional dates for the compl.. read more

Home loans at least 30 days in arrears rose from 1.25 per cent in the March quarter to 1.38 per cent in the June quarter, Moody’s Investors Service reported. read more

APRA and ASIC have issued an information package setting out their approach to their joint administration of the Financial Accountability Regime and, for authorised deposit-taking institutions, detail.. read more

ASIC has commenced proceedings against Cigno Australia and its associate BSF Solutions, alleging they provided credit without a licence. It was only three months ago that ASIC won a case against a pai.. read more

Deposit takers continued to trim longer-term term deposit rates in September and a few cut the introductory rates on their at-call accounts. read more

The shift to digital banking has increased financial institutions’ exposure to sophisticated financial crimes, a global survey of financial institutions has found. read more