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The declining use of cash for retail payments, combined with an increase in cash hoarding, has put pressure on the cash distribution system, according to a new Reserve Bank paper. read more

Financial institutions are under growing pressure to improve their climate related disclosures and climate risk assessments and, at the same time, they face a growing risk of litigation and other form.. read more

Over the past year, RMBS issuers have enjoyed the tightest spreads since the pre-financial crisis period but APRA’s directive to ADIs to run down their Committed Liquidity Facility accounts is expecte.. read more

NAB is the latest big bank to increase fixed home loan rates, following moves by Westpac and Commonwealth Bank over the past week. read more

Online shopping coupon and rewards provider ShopBack will acquire Asian buy now pay later company hoolah. read more

NAB reported net profit of A$6.4 billion for the 12 months to September – an increase of 148.7 per cent over the previous year. read more

Since it launched in 2018, business lender Judo Bank has traded heavily on the promise that it operates on a relationship model, employing experienced bankers who get to know the customers and their b.. read more

Rob Hale, who was chief data officer at Regional Australia Bank when it became an open banking early adopter, is leaving the bank. read more

Customer deposits account for around 60 per cent of banks’ total funding – an increase of about 5 percentage points since the pandemic began. And the proportion of deposits paying low interest has als.. read more

Business lender ScotPac has allocated A$100 million for a “bounce back” finance offer with terms that include an interest-free period for the first three months. read more