Bank exposure to business failures limited 25 March 2024 4:33AM Business failures are increasing but the bulk of business entering insolvency are small and have little debt. read more
Household cash flow shortfall rate remains steady 25 March 2024 4:31AM Around one in 20 households with variable rate home loans are suffering cash flow shortfalls as a result of higher interest rates and prices, the Reserve Bank says. But this is no worse than it was la.. read more
Briefs: CBA strategy head promoted, BNK buys its own loans, Pioneer’s buying spree continues 25 March 2024 4:25AM Commonwealth Bank group head of strategy Stuart Munro is getting a promotion. read more
Pepper takes full ownership of Stratton 22 March 2024 7:21AM Pepper Money has exercised an option to acquire the shares in asset finance broker Stratton Finance that it does not already on, as it continues the diversification of its business beyond mortgage len.. read more
ATO warns business on POS sales suppression tools 15 March 2024 5:10AM The Australian Taxation Office has conducted raids on business suspected of using, manufacturing or supplying electronic sales suppression tools to avoid paying tax, and it has issued a warning to bus.. read more
Margin loans at a record low 15 March 2024 5:09AM The number of margin loan accounts in Australia fell to a record low in the December quarter, relegating what was once a thriving market segment to niche status. read more
Scam losses fall 14 March 2024 3:11AM Reports of scam losses to the ACCC’s Scamwatch service declined in the December quarter, with decreases in all the common forms of scam activity. read more
Comyn promises to consider land lease lending 13 March 2024 4:41AM Commonwealth Bank chief executive Matt Comyn was caught off guard yesterday when Stockland CEO Tarun Gupta asked him to consider offering a loan that would allow people to buy into land lease developm.. read more
New AFCA rules aimed at streamlining complaints handling 07 March 2024 5:43AM The Australian Financial Complaints Authority will have more power to resolve complaints early under revised rules and operational guidelines that will take effect in July. read more
CBA accreditation opens the local market for LEI development 04 March 2024 3:44AM The Global Legal Entity Identifier Foundation has approved Commonwealth Bank as Australia’s first validation agent for the Global Legal Entity Identifier System. read more