145

Industry CEOs are hoping for help on many fronts through the hiring of former Labor premier Anna Bligh to helm their banking association.  Diverting her political allies from their campaign for a.. read more

Four months after a pledge "to take a bit of leadership" on repricing its credit cards, ANZ will begin to do so this week. read more

ANZ may be getting its costs, and thus its profits, in order. But business lending in general is in decline at ANZ, maybe by design, and more cost cuts are in the works. read more

Insurers have designed "complex and extremely poor value products, and put their reputations at risk," ASIC chief Greg Medcraft declared in a caustic speech on Friday. It's an "industry-wide" problem,.. read more

The ramp up of the business model of point of sale financier Afterpay may be proceeding well, though losses are also piling up. read more

Harmoney, New Zealand's largest peer to peer lender, has finally crossed the Tasman, bringing with it A$200 million to lend. read more

Auswide Bank will emerge with a controlling interest "of at least 51 per cent" in MoneyPlace Australia under a capital raising by the specialist lender now underway. read more

The domestic banking franchises may be firing, but offshore adventures are sucking up capital and diverting management at Commonwealth Bank. read more

Public disclosures on residential investment lending by Commonwealth Bank, and even APRA, are bunk, with the truest data an industry secret, CBA's chief executive officer Ian Narev has revealed. read more

Payment card statistics for 2016 are looking awkward for major banks, in particular, as the revolve rate on credit card borrowings dives to a new all-time low. read more