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Cash profit will cease to be an element of the financial reporting practice of Westpac, beginning with its March 2023 half year. Hopefully this proves to be the beginning of a badly-needed reform move.. read more

There’s always a kit bag of revenue initiatives around at this stage of the budget cycle and plenty will be needed this time. It’s obvious that a hike in the bank levy should be one of them. read more

I write to express my heartfelt thanks to the Austin Hospital ED team and paramedics for the wonderful care I received twice in three days last week.   read more

Australian banks’ exposure to non-banks via warehouse facilities is small at around one per cent of banks’ assets, the Reserve Bank said in its quarterly Bulletin yesterday. read more

A headline savings rate beginning with a 5 is now a feature of the normalising of interest rates in Australia, thanks to some (restrained) price leadership from ING. read more

The Federal Court has penalised ANZ A$10 million in relation to its Home Loan Introducer Program, a scheme wound down in late 2018. read more

CBA and NAB have an eye-popping 8.05 per cent headline rate on their main mortgage products.  read more

Buy now, pay later provider Affirm “has made the decision to begin an orderly wind-down of our operations in Australia”, the company informed customers yesterday. read more

Holding its fire in a congested mortgage market, Liberty Financial is growing fast in niche lending segments. read more

On the cusp of a recession, Helia (formerly Genworth) - the dominant force in lenders mortgage insurance - rustles up a special dividend.  Go figure. read more