ANZ scoops fishy franchise finance

Credit officers would be well advised to read the business plans supplied by applicants for loans, something ANZ failed to do with a gelato franchise, evidence at the Hayne royal commission confirms. read more

Fintechs bug ANZ

Fintechs are making ripples in the market for the supply of loans to very small businesses, a senior executive of ANZ confirmed at the Hayne royal commission yesterday. read more

Days delay in 'banknote' trial

Legal arguments on Monday and Wednesday have pushed back the effective start date of the criminal trial of a former Securency sales executive. read more

Wage inflation fades in finance

The managerial and salaried classes in banking and finance are doing much better in wage bargaining than their more marginally employed customers, at least when it comes to the percentage rise in thei.. read more

Debit cards drive for payments milestone

Eleven banks, including big names, have reported zero growth in credit card balances over the last three or last twelve months.  "The ongoing growth in share of household debt attributed to banks.. read more

Bank levy bottles $9bn

The bank levy on Australia's five largest banks will cost the sector A$8.95 billion over the five years to 2022, budget papers released last night show. read more

Hartzer faces mortgage decline

Asset quality is smoking, the bad debt charge is down and there is barely a second thought about the dividend at Westpac. But the bank is heading for its lowest level of mortgage originations in years.. read more