Scaled-back Latitude makes its ASX debut 21 April 2021 4:08AM Consumer lender Latitude Financial Services was admitted to the official list of the ASX yesterday, completing a more modest listing than the company’s aborted attempt in 2019. read more
LawFinance thrown a lifeline 20 April 2021 4:12AM Litigation and disbursement funder LawFinance has organised a debt-to-equity swap with its lenders that will see it clear A$55 million of debt from its balance sheet. read more
Central banks to increase their focus on financial stability 20 April 2021 4:10AM One consequence of the monetary policies developed in response to COVID-19 is that central banks will have a much stronger focus on financial stability in the years ahead, which may have some impact o.. read more
Bendigo Bank loses ‘community bank’ trade mark 19 April 2021 5:35AM Community First Credit Union has successfully challenged Bendigo and Adelaide Bank’s right to trademark the words “community bank”, with the Federal Court ruling the bank cannot prevent others from us.. read more
Borrowers taking on bigger mortgages 19 April 2021 5:32AM The size of an average mortgage increased by 5.9 per cent in the March quarter, according to aggregator AFG’s latest housing finance data. read more
Financial literacy 2.0 15 April 2021 5:48AM Your Financial Wellness has emerged as a leader in the provision of financial literacy and budget planning tools to the mutual banking sector, with eight organisations now using its services. read more
Bank asset quality to deteriorate 12 April 2021 4:47AM Measures of banks’ asset quality have deteriorated in recent months and the trend is likely to continue over coming months, given the unwinding of support measures such as JobKeeper, the Reserve Bank.. read more
How the BaaS numbers stack up 12 April 2021 4:32AM The payoff for banks offering banking as a service to tech companies, e-commerce platforms and other third parties can be substantial, according to a new report on the growing sector. read more
Mobile payments inquiry calls for submissions 09 April 2021 5:40AM The commercial relationships between providers of mobile payment services and financial services providers will be the core issue in an parliamentary committee inquiry into mobile payment and digital.. read more
Westpac risk remediation plan approved, with caveats 08 April 2021 5:28AM Westpac’s revised plan to fix its flawed risk governance has been approved by APRA, despite an assurance report on the plan saying there are areas where it could be improved. read more