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Bankers have to accept that much of their professional experience will be irrelevant in helping them deal with the future of their industry, says senior academic economist Rod Maddock. He says condi.. read more

Vendor and point-of-sale finance specialist FlexiGroup has once again reaped the benefits of its well-managed diversification program, reporting a net profit of A$65.8 million for the 12 months to J.. read more

The value of new housing loans rose by 13.5 per cent in the year to June, according to figures released by the Australian Bureau of Statistics. read more

A 49 per cent increase in debt ledger purchases drove higher earnings for the debt collection company Credit Corp. read more

Three of the Big Four banks have managed to deepen their retail customer relationships over the past few years, while the fourth, Westpac, has fallen behind. These findings are based on responses to.. read more

ING Direct has changed its mortgage distribution strategy, concentrating on selling more loans through direct and broker channels and less through its white label business. read more

Smaller mortgage lenders are making strong market share gains, according to the mortgage aggregator AFG. Since March, the proportion of "non-major" loans written by AFG's brokers has increased from.. read more

Australians are more comfortable with their financial situation but their outlook remains cautious, with the majority preferring to put spare cash towards savings and debt repayment, recent surveys.. read more

Heritage Bank increased its earnings by almost 20 per cent in the year to June. The bank released unaudited figures yesterday, showing an 18.5 per cent increase in net profit, to A$37.05 million. read more

Household savings rates held up well during the 2012/13 financial year and look like continuing at an above-average rate in the year ahead, according to the latest APRA figures. read more