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Thirty-four companies, including a number of financial services companies, have contributed A$7.75 million to the Financial Counselling Foundation to fund counselling services. read more

The Clean Energy Finance Corporation has been allocated A$1 billion to work with lenders to provide low-interest loans for energy-saving home upgrades. read more

Westpac is approaching the completion of sales of non-core businesses bundled into its “specialist businesses” portfolio a few years ago, with two sales completed last month and only four businesses l.. read more

ANZ reported a net profit of A$3.5 billion for the six months to March 2023 – unchanged from the previous corresponding period. On a cash basis, after adjusting for economic and revenue hedges, earnin.. read more

The home loan market recorded its first month of growth in over a year in March, and first home buyers were back in the mix. read more

NAB reported a net profit of A$3.9 billion for the half year to March – an increase of 11.7 per cent over the previous corresponding period. The bank said a higher net interest margin was the key driv.. read more

The banking sector is unlikely to gain any more margin benefit from rising rates in the current monetary policy tightening cycle, NAB chief financial officer Gary Lennon has declared. read more

AMP has launched an open banking service designed to streamline and enhance its advisers’ and brokers’ dealings with clients. read more

Personal lender MoneyMe hit the brakes in the March quarter, cutting loan origination significantly as it sought to rein in credit losses and maintain profitability in the face of uncertainty over fun.. read more

The US Federal Deposit Insurance Corporation has recommended a change to its arrangements, so that in addition to the current US$250,000 deposit insurance limit there would be a much bigger coverage l.. read more