Little to bother big NZ banks in competition report 21 August 2024 1:01AM The considered underinvestment by the four big banks in New Zealand in their core systems is one of the bedrocks of the oligopoly’s long-running dominance of the country’s banking sector, the New Zeal.. read more
Judo Bank accelerates as SME stress multiplies 21 August 2024 12:57AM Thinking as big as ever, Judo Bank is planning to grow faster than ever, even as segments of Judo’s loan book are flashing red hot. read more
MyState, Auswide do the decent thing in dire times 20 August 2024 6:23AM The union of MyState and Auswide is high conviction, high value and highly likely to work out for the best. read more
Labor MP kicks off campaign for fee-free digital payment reform 20 August 2024 6:17AM Jerome Laxale, the Labor MP for Bennelong and a member of the House Economics Committee yesterday announced the beginning of a “campaign for fee-free digital payment reform.” read more
Merits of Trust Exchange model challenged 19 August 2024 1:16AM Doubts, ranging all the way to outright hostility, are surfacing around the mooted Trust Exchange to verify identity and credentials. read more
MyState and Auswide forge merger 19 August 2024 1:14AM MyState Limited and Auswide Bank have reached agreement on a merger, the AFR’s Street Talk column reports. read more
Broad decline in NAB asset quality 19 August 2024 1:10AM NAB’s business borrowers are feeling stressed, with a “continued broad-based deterioration in the Business & Private Banking business lending portfolio” over the June 2024 quarter. read more
Experian and illion merger cleared 16 August 2024 6:28AM The takeover by Experian Australia Credit Services of rival illion has received a green light from the ACCC. read more
Conditions lousy for many businesses 16 August 2024 6:25AM Trading conditions for many businesses are declining and likely to worsen while consumer sentiment and retail trade are so flat, CreditorWatch concludes in its latest Business Risk Index. read more
RBA doubles down on least-cost routing 16 August 2024 6:21AM “Further regulatory intervention” in the arena of debit payments is on the cards, and probably certain, with the Reserve Bank venting more frustration over the roll out of least-cost routing. read more