Resimac profit halves

The net profit for Resimac fell to $34.8 million over the year to June 2024 from $66.5 million in FY2023. read more

IMB committed to buybacks

With its ordinary shares no longer recognised by APRA towards capital, IMB’s board says it “remains committed to ... share buybacks.” read more

Treasury define scope of small banks review

The Council of Financial Regulators in consultation with the ACCC will conduct a review of the small and medium-sized banking sector. The Treasury yesterday released terms and scope for this review. read more

ANZ freak show continues

ANZ are in a stew of their own making and APRA has tolerated inaction by ANZ for years. Belatedly, APRA is cracking down. read more

Latitude sweats the stress in target market

“Considered pricing actions” over the last year have buttressed a turnaround in earnings at Latitude Financial Services, even if the statutory net profit for the half was minimal at $2 million. read more

Brokers add diversity to home loan market

Major bank dialled down their reliance on mortgage brokers for new business, at least  last year, or all other lenders have become a lot more competitive recently, the latest quarterly survey of broke.. read more