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Credit Corp’s increased focus on its lending business offset weaker earnings in its core purchased debt ledger business in the year to June, but not enough to prevent the company reporting a significa.. read more

In the absence of a cash rate increase in June, lenders made modest adjustments to their variable mortgage rates – mostly increases. Fixed rates went up by much more. read more

Zip shareholders supported a series of resolutions at an extraordinary general meeting yesterday that will allow the company to complete a restructure of its convertible notes that will reduce its lia.. read more

The appointment of former global chief operating officer of Standard Chartered Bank, David Whiteing to the Macquarie Bank board brings to three the number of bank-only non-executive directors Macquari.. read more

Consumer lender Wisr put the brakes on new lending in the June quarter, as it grappled with high funding costs and rising arrears. read more

Westpac has added a feature to its mobile and online banking services to allow customers to manage their direct debits more easily – an area of long-standing frustration for many consumers. read more

When investment bankers Scott Collison and Richard Young took a close look at the reverse mortgage they saw an opportunity to re-engineer it and design a loan with no monthly payments for people still.. read more

The level of banks’ non-performing loans and credit losses will peak in the first half of next year at a relatively modest level, according to S&P Global Ratings. read more

APRA has gone to the Federal Court seeking an injunction to restrain businessman Andrew Morton Garrett from engaging in unauthorised banking business and using the word “bank” without a licence. read more

Businesses will be allowed to share their data with a wider range of third parties under changes to the Consumer Data Right rules registered last week. read more