11

Fintechs are making headway in the foreign exchange market, largely at the expense of banks, ACCC research has found. read more

A deterioration in the position of its US debt buyig business means the 2024 financial year “was a year of underperformance” Credit Corp has told shareholders in its annual report. read more

Commonwealth Bank has been fined $36,000 in the Melbourne Magistrates' Court after pleading guilty to not paying long service entitlements to staff. read more

APRA has confirmed it will keep its macroprudential policy settings on hold following its latest quarterly assessment of domestic and international economic conditions. read more

The Council of Financial Regulators has commenced a consultation in relation to the central clearing of bond and repos in Australia. read more

Heartland Bank Australia is looking to diversify its lending book. read more

Investment bank Eurus Capital and several of its clients are taking control of neobank International Bank of Australia. read more

Smaller banks will be able to continue to recognise their holdings of the debt of other banks for liquidity purposes, aat least for a time. read more

The CreditorWatch monthly Business Risk Index is the best monitor we know. One that tells it like it is, rounds up telling data on the state that business in Australia is in. read more

Novatti may have found a buyer for International Bank of Australia – and god knows who – or a material sell-down and ideally sell out is in the works.     read more