7

Foreign exchange company OFX reported a fall in turnover over the September half-year, as customers in some segments of the business felt the pressure of weaker business conditions. read more

ANZ reported a net profit of $7.1 billion for the 12 months to September – in line with earnings in the previous corresponding period. read more

There are gaps in Australian financial institutions’ management of cyber security risk, with most companies operating on a reactive rather than proactive basis, a new survey has found. read more

Mortgage payments as a proportion of household disposable income reached an all-time high in the September quarter, and the Reserve Bank forecasts the proportion of income going to payments will keep.. read more

Buy now pay later company Sezzle is the latest struggling financial institution to delist from the Australian Securities Exchange.  read more

Business finance company Earlypay is moving on from a disappointing 2022/23 financial year, bulking up the business with the purchase of assets from invoice and trade finance specialist Timelio.  read more

Westpac chief executive Peter King has outlined an ambitious technology investment program for the next couple of years, as the bank looks to move on from years focusing on risk management fixes, cust.. read more

Westpac reported a net profit of $7.2 billion for the 12 months to September – an increase of 26 per cent over the previous corresponding period. But most of the gains were in the first half of the ye.. read more

Macquarie Group’s banking and financial services division was the only one of the group’s divisions to increase earnings during the six months to September 2023. read more

The pricing of prime non-bank mortgage-backed securities remains steady, as strong demand for Australian RMBS has underpinned healthy issuance this year.   read more