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NAB added around 490 new customer facing and operational roles to its business and private banking division last year, a reminder that “simpler” banks – the industry vogue – are inefficient banks. read more

The second weakest of the big Australian banks continues to tell improbable stories, ANZ an acidic reminder of the ills of an industry and its place as first mover or early mover in the grand realignm.. read more

With lending to business headed in the wrong direction, Westpac may be hard placed to optimise its use of the Term Funding Facility – to which all banks lose access in eight weeks’ time. read more

The three neobanks hold less than $3 billion in deposits between them. Judo Bank holds 70 per cent of this cash and their combined market share is barely 0.10 per cent. read more

The company formerly known as Xinja has a new name and a new direction – wealth platform technology – and the failed bank even claims to have banking technology IP to sell. read more

Remediation programs “are taking longer to complete” and the costs are piling up for Westpac. read more

The greenwashing of the narrative of an Australian banking industry promoted as prepared for climate change is the main theme in APRA’s draft Prudential Practice Guide on Climate Change Financial Risk.. read more

The self-employed are, or were, doing it tough, with a fall of 11 per cent in income over the year to September 2020, the ABS’s Household financial resources publication shows. read more

In Melbourne and Sydney, it’s a renters market and lending for investment housing is taking off as the epicentre of credit stress in banking. Rents on two bedroom units in Melbourne, the worst hit mar.. read more

Praising Australia’s handling of the pandemic, Fitch Ratings has revised the outlook for the Big Four banks' credit ratings back to Stable from Negative. Their ratings remain at A+. read more