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The federal government on Wednesday revamped the SME Recovery Loan Scheme to cater - finally - to every faintly credit-worthy SME business knocked around by the pandemic. Being almost all of them. read more

When expenses pump 10 per cent and fee income takes a tumble, look for funny business in bank financial reporting. read more

A national, mutual banking brand is the ambition of Heritage Bank and People’s Choice Credit Union as they seek to forge a union that will make the new enterprise the largest mutual bank in Australia. read more

The productivity of the banking and finance sector is being called into question, with ABS data showing that payroll jobs in finance in Australia are up a mighty 10.6 per cent since Covid unfolded in.. read more

ATM withdrawals are down by as much as 70 per cent in Sydney, and confidence measures nationwide are souring as the Covid-19 lockdowns look set to be extended in Melbourne and Sydney. read more

In candid terms, Reserve Bank governor Philip Lowe has told parliament that “the banks are very scared of making mistakes on the AML front.” read more

A softening in mortgage demand is apparent as pandemic lockdowns disrupt business in eastern Australia, but the head of non-bank lender RedZed Lending believes the slowdown is likely to be short-lived.. read more

Appeals from owners to banks for deferrals on business loans is beginning to bulge, with application numbers up by 108 per cent this week. read more

Newcastle Permanent Building Society and Greater Bank may finally forge a merger, in the process forming the largest mutual bank in Australia with $19.8 billion in assets. read more

Almost carefree about Covid, ANZ is taking the easy road to splurge A$1.5 billion of capital via an on-market share buyback. read more