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Shareholders of buy now pay later company Payright have backed a resolution to remove the company from the official list of the Australian Securities Exchange. read more

The Senate passed Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023 plus associated levy bills on last week, finally putting in place a consumer protection mech.. read more

The relationship between interest rate movements and bank margins has been confirmed by an international survey, but the effect on profitability was found to be less than in previous studies. read more

Commonwealth Bank’s “alternative buffer” for home loan refinancing applications comes with a number of conditions and exclusions, designed to appease the banking regulator. read more

Banks took a more proactive approach to dealing with customers facing financial hardship during the pandemic and some have maintained that approach over the past year, as interest rates have risen. read more

Westpac has shelved plans to sell its investment administration services, BT Panorama and Asgard.  read more

The Reserve Bank has made progress in its campaign to embed least cost routing in the Australian payments system, announcing yesterday that Visa and Mastercard have given undertakings that they will n.. read more

Thorn Group is now a cashbox, and looking for trouble. read more

A number of banks’ customer satisfaction ratings rose over the past 12 months, despite rising loan interest rates and some tardiness in passing on deposit rate increases. read more

ANZ will expand its sectoral decarbonisation targets later this year, when it discloses net zero pathways for the thermal coal and transport industries. read more