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Australian banks have focused on the financed climate change emissions of large corporate clients in high-emitting industries, but are behind in targeting net zero in their SME and retail businesses. read more

Reserve Bank governor Philip Lowe took banks and other financial institutions to task yesterday for their tardiness in making services available that are designed to enhance competition, improve funct.. read more

Conditions turned against fintechs in 2022, as investors lost their appetite for high-growth but unprofitable businesses and rising interest rates weighed on leveraged business models. read more

Australian household debt grew in the 2021/22 financial year, while savings levels fell, according to the latest Australian Bureau of Statistics National Accounts data. read more

The Reserve Bank has given itself a mixed report card for the four unconventional monetary policy tools it used during the pandemic lockdown. read more

AUSTRAC has called on financial institutions to improve financial inclusion by balancing their due diligence processes for customer identification with a “flexible and compassionate approach”. read more

The Reserve Bank has developed new measures of financial stress, designed to provide timely data that helps identify emerging household and business pressure.  read more

Increases in term deposit rates over the past month were smaller for longer terms, as deposit takers look ahead to the peak in the cash rate. read more

Westpac has followed ANZ into the cashback rewards market, with an investment in shopping and rewards business ShopBack Group. read more

The recovery in the use of credit cards continues, with purchases on personal cards at record levels for the third month in a row. read more