ANZ odd bank out on fee harm

Four of the six largest banks have refunded or will refund more than $28 million to low income customers following a collaborative ASIC review. read more

Resimac CEO quits suddenly

Non-bank lender Resimac is on the hunt for a new permanent chief executive, following the resignation of Scott McWilliam as CEO after 21 years of service.     read more

Prospa bad debts pop

In a stark indicator of the stress underlying business credit broadly, specialist business lender Prospa yesterday reported that net bad debts increased by 27 per cent over the year to June 2024. read more

'Minimal' bankruptcy reforms tabled by Dreyfus

Shortening the maximum length of time a bankrupt person must serve their penalty before they are discharged was missing from a slender suite of bankruptcy law reforms outlined yesterday by the Attorne.. read more

Credit card margins 'halved'

The net interest margin earned across the totality of all credit card and charge card businesses is a shadow of what it once was. read more