Patience pays for neobank schemers

Firstmac and 86400 are counting on a speedy, post-election green light for their entry into the banking industry, with fully-fledged banking licences anticipated. read more

'We can fix ANZ in 2023'

Cost-focused or cost-scared or plain technology terrified, ANZ's off its game on many fronts, its half year profit briefing suggests. read more

CUA sets up CEO rounders

Rob Goudswaard, CEO of Credit Union Australia, pulled a bit of a surprise yesterday, outlining plans to leave in February 2020.Might the fourth-largest mutual ADI supply his successor (a long rumoured.. read more

Zip winds up asset-backed lending

Transaction volumes fell eight per cent over the last quarter for Zip Co Ltd, small beer at a fintech lender bagging decent growth in credit and other key metrics. The slow burn preparing its Master.. read more

Carney competes for fintech spotlight

There is "a growing pipeline of firms" - make that fintechs - clamouring for access on level terms with banks to the central bank's most vital, and real-time, payments processing. At least in England.. read more

From MacBank to EziBank lotto

Todd Hannigan, Raymond Younan and Tim Brown head a syndicate of 20 investors taking a red hot run at winning the neobank war in Australia.Another ex MacBanker will be chief operating officer of Brown'.. read more

Credit edited amid investment optimism

The RBA's business liaison program for now supports the idea that business conditions are not so bad and 'business investment has been growing at a good rate," the RBA's Guy Debelle said yesterday. read more

Business credit demand vanishes

Mortgage finance volumes bounced back in February, a rare piece of good news in banking.On the flip-side, business credit flows have crashed. read more