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The Australian Prudential Regulation Authority has responded to the recent move by its New Zealand counterpart to boost banks' capital adequacy and will increase capital requirements for authorised de.. read more

Grameen Australia, the local branch of the microfinance institution that started in Bangladesh in the 1970s, is preparing to launch its first microfinance project in this country. read more

The overhaul of Thorn Group's business has already cost it its chief executive and now it is the board's turn for renewal. read more

Advocates of a cashless payments system need to learn some lessons from the Swedish experience, where cash is disappearing more quickly than in any other country. read more

Demand for credit funds has been strong this year, as retail investors chase higher yields. The latest fund to come to the market, the KKR Credit Income Fund, has increased its issue size from $750 mi.. read more

On Friday, ANZ and NAB cut the interest rates on their bonus savings accounts, both cutting their bonus rates by 25 basis points. Small deposit takers also cut rates late last week. read more

There are stirrings of a shift in mortgage market share, but too late for the big banks that will be subjected to another ACCC inquiry into their conduct. read more

Lending to households has picked up strongly in the past few months, driven by mortgage refinancing and investor lending. read more

Just over a month after taking the reins at Bank of Queensland, George Frazis has made his first big executive hire, with the appointment of Ewan Stafford as chief financial officer. read more

Launching products should be a top priority for neobanks. read more