3

NAB’s new chief executive Andrew Irvine hosed down speculation of big changes around strategy, by saying the market should not expect any “major pivot”. read more

At first sight, NAB’s credit quality looks to be in good shape, but there is more to it. read more

Margin pressures that have hit bank earnings over the past year are starting to moderate. read more

NAB has completed the restructure of its New Zealand wealth management business and expects to make a pre-tax gain of around A$400 million from the deal. read more

 Westpac is extending a moratorium, first put in place in February last year, on regional branch closures until at least 2027 while it “upgrades” regional services. read more

Another neobank is about to bite the dust, with International Bank of Australia struggling to meet its funding target under a capital raising. read more

Heartland Group received final approval for its acquisition of Challenger Bank and notified the market that it completed the transaction. read more

The big question the government’s review of Australia’s credit reporting framework will address is whether credit reporting remains of value to lenders in light of the development of financial data sh.. read more

Perpetual has confirmed that it is negotiating to sell its corporate trust business, putting the biggest trustee in the Australian loan securitisation market on the block. read more

Two-thirds of Australians with retail bank savings accounts have never changed their accounts, despite the opportunity to earn more interest with another product or ADI. read more