RTGS payments stagger in May

Payments volumes fell heavily in May, and total payments volumes across the economy in May were 12 per cent below the post-pandemic payments peak recorded in February. read more

The risks in the RBA review

Employment and underemployment and even a touch of scandal will be front and centre of the mooted review into the Reserve Bank of Australia. If it happens.   read more

The Albanese ascendancy

The swing is on and Anthony Albanese, a phenomenal person with deep experience at the highest levels of government, will make a brilliant prime minister. Plus, he’s a great mate. read more

The costs of disorder at Westpac

Westpac cannot compete, and constrained by a rigid cost target, cannot catch up with peers on income or balance sheet or reputation metrics. Or even invest coherently across the business. Thus, Westpa.. read more

Beforepay burns and churns

Amping up its lending and getting its act together on collections, Beforepay is crawling along its “pathway to profitability”.  read more

Bullock named RBA deputy

Michele Bullock, appointed deputy governor of the Reserve Bank of Australia on Friday, presumably is now the warm favourite to succeed Philip Lowe as governor in a few years.   read more