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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

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

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

Seemingly late to chase the digital wave in mortgage origination, The Mutual Bank, from Maitland, has partnered with a fancied fintech to plug this gap. read more

Banks have been cleared by the ACCC to implement a collective “financial contributions” scheme that will keep Armaguard in business, at least for another year. read more

Richard Fennell will succeed Marnie Baker as managing director and CEO of Bendigo and Adelaide Bank from the end of August. read more

The formulation of “a detailed industry roadmap for the launch of interoperability by December 2025” is among the chief recommendations of a study by the NSW Productivity and Equality Commission into.. read more

The ANZ PR machine has forceful, via Bluenotes and national media, over the value the bank plans to deliver following the long-expected final approval – from the Treasurer, on Friday – for ANZ’s takeo.. read more

ARNECC has stood down its project team and paused critical work on making interoperability between eConveyancing platforms a reality by the end of 2025. read more

Why bother persisting with the Consumer Data Right? This seems a relevant question, at least in banking, analysis by Accenture for the ABA suggests. read more