10

With its ordinary shares no longer recognised by APRA towards capital, IMB’s board says it “remains committed to ... share buybacks.” read more

The Council of Financial Regulators in consultation with the ACCC will conduct a review of the small and medium-sized banking sector. The Treasury yesterday released terms and scope for this review. read more

Seemingly on the brink of an exit not so long ago, there may be substance in the turnaround story for Zip Co. read more

Bendigo and Adelaide Bank’s Up brand has regained its mojo. read more

ANZ are in a stew of their own making and APRA has tolerated inaction by ANZ for years. Belatedly, APRA is cracking down. read more

“Considered pricing actions” over the last year have buttressed a turnaround in earnings at Latitude Financial Services, even if the statutory net profit for the half was minimal at $2 million. read more

Major bank dialled down their reliance on mortgage brokers for new business, at least  last year, or all other lenders have become a lot more competitive recently, the latest quarterly survey of broke.. read more

Bank of Queensland will take control of owner-manager branches and turn them into corporate branches. And then close many of them. read more

Non-bank lender humm Group is producing a turnaround featuring rapid growth in receivables and the rollout of a co-funding model that may further propel its now dominant commercial finance business. read more

“The magic number for Australian mutual lenders could be less than 10” S&P Global has projected in an analysis of the sector outlook yesterday. read more