General insurance cycle has peaked

General insurers have reached the peak of the current profit cycle and will need to focus on tighter cost management as they deal with more constraints in the period ahead, according to a leading in.. read more

New Code of Banking Practice takes effect

The new Code of Banking Practice, which sets out standards of good banking practice, took effect over the weekend. The focus of the revised voluntary code is to provide additional support for people.. read more

Credit card market shows signs of recovery

The credit card market appears to be returning to growth after a long period of contraction. APRA's latest banking statistics show strong growth in credit card balances at the end of last year. read more

Investors dominate NSW mortgage market

More than half of the home loans processed by the mortgage aggregator AFG in New South Wales in January were for investors. AFG said this was the highest proportion of new investor mortgages in NSW.. read more

Deposits still growing strongly

Deposits continue to rise faster than loans on banks' balance sheets, despite commentary that received wide coverage late last week that suggested otherwise. read more

Credit Corp maintains strong earnings momentum

Debt collector Credit Corp has maintained its strong earnings momentum, reporting an 18 per cent increase in net profit for the six months to December, after increasing its profit by 21 per cent in.. read more