Suncorp Bank struggles to meet targets 09 February 2022 5:46AM Despite considerable efforts to turn the situation around, Suncorp Bank continues to lose share in the mortgage market. And now its latest financial report shows falling home loan share is not the ban.. read more
Bendigo sells invoice finance business 09 February 2022 5:44AM Invoice finance company Timelio will double its size with the acquisition of Bendigo and Adelaide Bank’s invoice finance business. read more
More cheque accounts, fewer cheque payments 08 February 2022 5:38AM Cheque account numbers grew in 2021, despite regular pronouncements of the death of cheques as a form of payment. read more
Funding costs test banks’ return to the capital markets 07 February 2022 6:08AM The days of super-cheap funding costs are over for Australian banks, as they return to the capital markets for funding, according to the Reserve Bank’s latest Statement on Monetary Policy. read more
REA sticks with the Mortgage Choice brand 07 February 2022 6:07AM REA Group has reported positive results for its financial services division in the December half-year, following the acquisition of broker franchise group Mortgage Choice and the merger with its Smart.. read more
Block kicks off Afterpay integration program 02 February 2022 5:32AM Payments company Square has launched its first integration with Afterpay, offering Afterpay’s buy now pay later functionality to sellers using Square Online for e-commerce in the United States and Aus.. read more
Big regional variations in insolvencies 02 February 2022 5:30AM Personal insolvency numbers were flat or down in the big states, New South Wales and Victoria, in the December quarter, but it was a different story in the small states and territories. read more
ANZ to restrict hybrid distribution 01 February 2022 5:29AM ANZ will restrict the distribution of an upcoming issue of capital notes, as it adjusts the marketing and sale of its hybrid securities to take account of requirements under the new Design and Distrib.. read more
CBA renews with Genworth 28 January 2022 6:35AM Genworth Mortgage Insurance Australia has renewed its contract with its biggest customer Commonwealth Bank, ending six months of speculation about the future of the relationship. read more
ABSF review deadline looms 27 January 2022 5:44AM Securitisation industry participants and SME lenders have until the end of next week to make their submissions to a Treasury review of the Australian Business Securitisation Fund, which is looking at.. read more