Payroll auxiliary bloated and bashful

In a marker of trends bound to be reflected more widely across the financial services industry, payrolls and employment numbers in what the ABS labels ‘Auxiliary finance and insurance services’ are –.. read more

NZ banks defer regional branch closures

A trial of regional banking hubs in New Zealand has flopped, and so instead NZ’s five largest banks will extend their commitment not to close regional branches for the next three years. read more

Stress volcanic at next rate rise

A whopping 78 per cent of mortgaged households polled by Redbridge Consulting say they will experience either “a great deal of stress” or “some stress” in the event the RBA were to hike the cash rate.. read more

Mortgage broker share hits 74%

Mortgage & Finance Association of Australia’s latest data shows that between January and March 2024, 74.1 per cent of all new home loans were written by mortgage brokers. read more

Illigit to debank s*x workers

A Melbourne s*x worker has resolved a discrimination case against two Australian financial service providers that will protect others in the sex work industry from falling victim to “debanking”, plain.. read more

Quest rocks NSW payments

In a vindication of one of the most patient disruption plays in domestic payments, Quest Payments has won a whole of government contract to supply payments devices and related support services across.. read more

ABA, ACCC widen CIT stakeholder negotiations

The range of stakeholders that will be invited into sensitive industry discussions around cash-in-transit will finally include “other businesses and organisations that distribute cash”, meaning Armagu.. read more

Fitch upgrades major banks to AA-

Falling into line with the credit assessments of it rivals, Fitch Ratings yesterday upgraded the long-term credit ratings of Australia’s four major banks to AA- from A+. read more