Novatti plans banking division funding round 31 July 2019 3:46PM Payments processing company Novatti Group says it is working on the next funding round for its banking division, as it continues discussions with APRA over its application for a banking licence. read more
Credit Corp's US business starts to pull its weight 30 July 2019 2:49PM Debt buyer Credit Corp's long-term investment in building a business in the United States paid off for the group in 2018/19, with the US debt ledger purchasing arm making the biggest contribution to t.. read more
Bad debts, write-offs tip Cash Converters into loss 30 July 2019 2:48PM Payday lender Cash Converters, which reports its 2018/19 results next month, has flagged a loss of between A$2 million and $4 million. read more
Sentiment layers up in property 29 July 2019 3:49PM Mortgage lenders will be encouraged by survey results showing Australians have become more optimistic about the outlook for house prices. read more
Macquarie earnings outlook softens 26 July 2019 4:03PM Macquarie Group is on track to produce slightly lower earnings in the current financial year, the company reported yesterday. It also announced a reshuffle of its business structure, involving several.. read more
Liquidity slip traps Rabo, HSBC and Macquarie 25 July 2019 4:31PM APRA has told Macquarie Bank, Rabobank Australia and HSBC Bank Australia to tighten their intra-group funding arrangements, after finding their reporting in this area has been in breach of the prudent.. read more
Anti-big bank sentiment abating 25 July 2019 4:26PM The strong negative impact of the Hayne royal commission on bank customer satisfaction appears to be abating. Business banking customers are learning to forgive. read more
RBA weans banks off CLF 24 July 2019 4:32PM The RBA and APRA cure to market failure in the bond market is ….. market failure. read more
Farmers get extra protection from their lenders 24 July 2019 4:26PM Lenders face a number of restrictions in the way they deal with primary producers, under the terms of a bill tabled in Parliament this week. read more
Consumer Data Right bill revived 23 July 2019 3:54PM Treasurer Josh Frydenberg says the government is getting its consumer data right reform back on track, with the reintroduction of legislation during the current sitting of Parliament, which runs over.. read more