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In the 2018/19 financial year, only the Australian Taxation Office made more bankruptcy petitions than Collection House subsidiary Lion Finance. The report revealing this fact was the beginning of the.. read more

Pushing up interest rates and holding share in an intensely competitive mortgage market is a tricky balancing act, and it’s one the big banks are struggling with. read more

The construction sector has emerged as the weak link in the economy, with business insolvency rates that are higher than any other sector and growing faster than other sectors. read more

“Strong bouts” of volatility will continue to be a feature of the Australian and international bond markets for the foreseeable future, with the potential for market dislocation, the chief executive o.. read more

ASIC has won the latest, and maybe final, round in its long-running fight with short-term lender BHF Solutions and its associate Cigno, succeeding in an appeal before the Full Federal Court over its p.. read more

A controversial change to Australia’s credit reporting system takes effect this week, when credit providers will be allowed to disclose financial hardship information to credit reporting bodies. read more

Lenders can look forward to a fall in credit growth of as much as 60 per cent, with the trough more than a year away, if previous rate hike cycles are any guide. read more

Household demand for credit fell from a record of A$53.9 billion in the December quarter to $41.9 billion in the March quarter, but it was still one of the highest levels recorded by the Australian Bu.. read more

With the Latitude deal in the rubbish bin, analysts and investors are turning their attention to humm’s prospects, particularly its financial strength. read more

Banks funding costs are rising sharply, with Westpac launching a hybrid issue that looks like being priced at a margin 70 basis points higher than big bank hybrid issuance just four months ago. read more