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At his first public appearance as humm chief executive, Stuart Grimshaw promised to “continue to review and remove unnecessary cost and complexity from the business”. read more

After a couple of chaotic weeks, when it sacked its CEO and then its chair stepped aside, consumer lender Wisr has released its 2022/23 financial report, which details its failure to achieve its goal.. read more

Non-bank mortgage lender Pepper Money suffered a heavy fall in mortgage originations in the June half and its book ran off, as it struggled to keep up with banks chasing market share with cashbacks an.. read more

The Reserve Bank has given qualified support for the introduction of a central bank digital currency in Australia, following completion of a pilot involving numerous CBDC use cases earlier this year. read more

Anthony Nantes, the former chief executive of consumer lender Wisr, is facing unspecified criminal charges, the company revealed yesterday. read more

NAB has launched an issue of hybrid securities, targeting a capital raising of A$1 billion or more with an expected margin of 280 to 300 basis points over the 90-day bank bill swap rate. read more

Westpac released its June quarter update yesterday, reporting a “modest deterioration in credit quality”, while offset account balances continue to provide an effective buffer for borrowers. read more

The Australian Competition and Consumer Commission has authorised banks to collaborate on the development of an industry standard to detect and prevent scams. read more

The number of deposit takers offering at-call and term deposit rates of 5 per cent or more increased in June, as competition for deposits remained intense. read more

Unitholders of Partners Group Global Income Fund have backed a move by the fund’s responsible entity to remove it from the official list of the ASX and continue operating as an unlisted unit trust. read more