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The speed of the collapse of Silicon Valley Bank has caught the attention of banking regulators, as they consider changes to regulations in response to the current round of banking instability. read more

American Express has partnered with Cuscal to launch a PayID service for its card customers to pay their bills, promising to make payments quicker and more secure. read more

ING Bank Australia suffered significant setbacks in 2022, with two regulators calling out compliance failings and a fall in the value of its home loan book in the second half of the year. read more

A majority of small and medium businesses are planning to cut their staff numbers in response to rising business costs, according to a new survey. read more

After requesting a trading halt earlier this week, consumer lender MoneyMe moved to suspend trading in its shares yesterday as it continues to negotiate a capital raising and changes to its corporate.. read more

Two financial services reform bills, one to establish the Compensation Scheme of Last Resort and the other to establish the Financial Accountability Regime, were passed in the House of Representatives.. read more

The biggest impact of bank failures in the US and Europe on local banks looks likely to be significant erosion of margin caused by higher wholesale and deposit funding costs. read more

Finance company Butn has secured additional funding but it will pay more than 10 per cent interest to keep its receivables book growing. read more

A high proportion of merchants are planning to discourage cash payments at some point in the future, a survey has found. read more

The Reserve Bank is confident Australian banks are well placed to continue issuing in volatile global bond markets, given the strength of their balance sheets, and that it will not have to delay repay.. read more