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Lower funding and deposit costs, as well as a release of credit loss provisions, have driven strong growth in AMP Bank’s half-year earnings. But the bank’s strong bottom line performance has come at t.. read more

Strong investor demand for mortgage-backed securities has resulted in two issuers, La Trobe Financial and Pepper Money, reporting their best pricing since the 2008 financial crisis on their latest dea.. read more

Trade payment times deteriorated in the June quarter, continuing a trend that started in March 2020. read more

The use of margin lending continues to decline, but among those who continue to borrow to invest in shares and managed funds the amount of borrowings has increased significantly in the past year. read more

The Australian Prudential Regulation Authority expects to see fewer applications for banking licences, as a result of its new approach to the licensing and supervision of new banks. read more

Latitude Group will acquire start-up Symple Loans, attracted by the fintech’s “state of the art” lending platform and the prospect of halving settlement times on personal and auto loans. read more

APRA has approved the merger of Teachers Mutual Bank and Pulse Credit Union. Pulse has called a special general meeting for September 7 to put the merger proposal to its members. read more

Small banks and foreign banks took up only around half their allowance under the Reserve Bank’s Term Funding Facility. read more

ADIs’ capital requirements for large, concentrated exposures will increase under a revised capital adequacy standard that takes effect next year. read more

Consumer lender Plenti Group has completed its inaugural issue of asset-backed securities, raising A$307 million of funding. read more