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The Reserve Bank of Australia is unlikely to pay any dividend to the government “for a number of years”, as the bank faces the costs of its pandemic era bond purchase program. read more

The Reserve Bank of Australia will resort to a bond purchase program “only in extreme circumstances”. read more

Many SMEs will not survive the bleak economic outlook. read more

The ACCC, and the market, are waiting and wondering when ANZ will finalise its merger authorisation application for the takeover of Suncorp Bank – announced eight weeks ago. read more

Australian Mutual Bank and Community First Credit Union have signed a memorandum of understanding to explore a merger of the two organisations. read more

The efficiency of the banking industry, and the major banks in particular, remains in focus, with elevated personnel expenses. read more

All their ballyhoo and posturing by fintechs about reinventing payments and banking done properly ultimately leads to one place.  read more

The recession will be localised, severe and then it will spread. read more

National Australia Bank experienced severe outages across internet banking, ATMs and branch platforms yesterday, with poor communication with customers.  read more

Auswide’s stated aim is focusing on “where we make our money, and getting the right priorities there,” as well as “bringing sanity back to the deposit market”. read more