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The net profit of Westpac fell nine per cent to $1.7 billion over the December 2024 quarter, with net interest margin falling a massive 20 basis points over the quarter. read more

Another tough year for AMP Bank, including a shrinking balance sheet, highlights the importance to AMP that its recent plunge into business banking will pay off for the bank. read more

Repeated outages at PEXA and questions over the accuracy of its performance reporting have drawn the attention of ARNECC. read more

Major banks have agreed to extend their moratorium on branch closures in regional areas for two and a half years, until mid-2027. read more

Following a lull, Macquarie once more have their foot on the accelerator. read more

AMP has finally unveiled its new business banking proposition, and the strategy underpinning its bank earnings from here. read more

Discharges have frozen the financial services book of REA Group. read more

A buy now, pay later credit provider will unable to charge a consumer more than $320 a year in the first year in fees. read more

Paul Fowler, a senior executive at Commonwealth Bank, has been appointed by Westpac as the bank’s Chief Executive, Business & Wealth. read more

People First Bank will be the first large mutual bank to undertake large scale branch closures, and is unlikely to be the last. read more