Macquarie pleads for levy exemption

The threshold for the planned levy on bigger banks should be lifted to exclude Macquarie Bank, the Macquarie Group has argued in its submission to the Senate's Economics Legislation Committee. read more

Schenkel makes quick exit from Tyro

Gerd Schenkel, chief executive of Tyro Payments, has left the bank suddenly, with a long time director taking his place.Rob Ferguson has taken the helm as acting managing director, effective immediate.. read more

Banks tilt to short-term funding

Deposit growth in the banking system is allowing banks to cut reliance on wholesale funding. Cheaper pricing at the short end has meant short term funding is on the rebound in Australian banking. read more

Can't save. Can't earn pay rises. Can borrow

The Calvinist savings ethic that keeps banks in business has proven disposable in Australia in the past. And so it may be again, with the savings ratio taking a dive once more over the March 2017 quar.. read more