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The banking regulator said it would allow authorised deposit-taking institutions taking up the Reserve Bank's term funding facility to include the benefit of their "initial allowance" in the calculati.. read more

Two banks launched introductory savings rates higher than many mortgage rates. read more

Gryphon Capital Investment Trust, an ASX-listed fund that invests in residential mortgage-backed securities, has advised investors that hardship relief provided to borrowers impacted by COVID-19 will.. read more

Cash makes up only 10 per cent of the value of consumer payments in a typical week and around one-third of consumers are not using cash at all. read more

Like a number of other small banks, ME enjoyed strong growth in customer numbers last year, as consumers walked away from the big banks in the wake of the Hayne royal commission. read more

While the increase in household wealth in the December quarter may be of only academic interest now, the growth in liabilities is a real issue. read more

A widespread increase in term deposit rates has been the surprise outcome of unprecedented monetary policy moves this month, with more than 20 banks increasing TD rates since the latest rate cut was a.. read more

IT start-up AppsVillage Australia has made a bold call, putting aside fears about the economic outlook to go live with a small business loan distribution deal that promises a 24-hour turnaround on app.. read more

While the big banks and mid-tier ADIs have signed on to support the government's and the Australian Banking Association's financial relief packages, small and specialist lenders are taking a much more.. read more

Embattled debt buyer Pioneer Credit has revealed that the private equity firm that is supposed to be acquiring it has yet to produce a scheme implementation agreement. read more