NAB first to reprice home loans after RBA move 04 May 2023 5:47AM National Australia Bank yesterday became the first major lender to announce product repricings following the official rate move at the Reserve Bank’s May board meeting on Tuesday. read more
BOQ worst performing bank stock 03 May 2023 6:08AM The change of leadership at Bank of Queensland has done nothing to improve investor sentiment towards the bank, whose share price continues to languish. read more
Personal insolvencies spike 02 May 2023 5:24AM Personal insolvency numbers have jumped by more than 50 per cent since the start of the year, as high interest rates and inflation finally start to have an impact on household budgets. read more
Customer owned bank breach reporting 'not up to scratch' 28 April 2023 6:02AM Financial institutions reporting no or a low number of breaches of their code compliance obligations might look like good news, but that is not how the Customer Owned Banking Code Compliance Committee.. read more
Consumers warm to PFM, robo 28 April 2023 6:01AM Investors and consumer of financial services are looking for more advice about handling their money and they are turning increasingly to robo advice and personal financial management apps. read more
New Latitude CEO promises a more efficient business 27 April 2023 6:06AM Latitude will “take steps” to ensure the company’s capital is invested in a smaller set of high-yielding growth opportunities. read more
Government to issue green bonds, support development of green loans 24 April 2023 5:15AM The Australian government will introduce a sovereign green bond program as a way of giving investors access to projects involved in the country’s net zero transition. read more
Zip loses customers 21 April 2023 4:55AM Zip Co suffered falls in transaction volumes and revenue in its markets in the March quarter, as well as a worrying decline in customer numbers. read more
AMP Bank hit with deposit outflows 20 April 2023 5:39AM AMP Bank has joined the growing list of ADIs whose deposit books are in decline, reporting that customer deposits fell 1.6 per cent in the March quarter. read more
CBA expands green loan portfolio 18 April 2023 3:42AM Commonwealth Bank will offer discounts of up to 100 basis points off standard rates for businesses borrowing to buy electric vehicles, under a new green vehicles and equipment finance offer. read more