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Westpac leads the move to shut bank branches, with 167 closures last year, according to new research. read more

The Australian Business Securitisation Fund has made good on its commitment to underwrite securitisation transactions, providing an underwrite for Prospa Group’s latest issue of asset-backed securitie.. read more

The Bank for International Settlements has launched a new project to work on tokenisation for cross-border payments, with a unified ledger at its core. read more

After putting the brakes on home loan origination in the second half of last year, in response to margin pressure, AMP Bank is now suffering a big runoff in its mortgage book. read more

Cryptocurrency trading platform Crypto.com has taken another step in its bid to develop a crypto payments market in Australia, launching a trial at Adelaide Oval that will run through the AFL season. read more

S&P Global Ratings has upgraded the ratings of more than 20 Australian banks and other lenders, after forming a view that “continued strengthening of regulatory and governance standards in the Aus.. read more

HSBC Bank Australia has been fined for contravening Consumer Data Right rules, after the ACCC found the bank failed to provide complete mortgage interest rate details and accurate credit card balances.. read more

Brokers wrote 72 per cent of all home loans in the December quarter last year – a record for the industry. read more

Credit bureau illion’s credit stress benchmark improved in the second half of last year, as consumers adapted to changing economic conditions, but more recent spending and missed credit repayment data.. read more

AFCA has added its voice to a growing chorus of concern about the way lenders are handling customer requests for hardship assistance, saying there is evidence that lenders are failing to respond to re.. read more