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Liberty Financial are forecasting that their business will take a backward step in their core product, residential mortgage finance, ahead of their upcoming ASX listing. read more

The thin credentials of the Australian finance industry’s most senior people - bank boards included - stand exposed after a landmark (and devastating) speech yesterday by APRA member Geoff Summerhayes.. read more

With changes in the AMP group's business mix, S&P Global Ratings is clearer what form of financier AMP really is: 'We now assess it to be mainly a banking group'. read more

READ ON ONLY IF YOU ACCEPT THE TERMS OF ACCESS AND USE FOR BANKING DAY. read more

The MCU board on Wednesday told members it “has unanimously resolved to engage in a merger with Queensland Country Bank. read more

MCU Ltd is facing legal action from Ezifin over an aborted takeover bid. read more

Xinja Bank has imposed a cap of A$50,000 on the level of deposits in its Stash account on which it will pay interest. read more

Xinja Bank’s ‘pillar 3’ report for the September 2020 quarter suggests its losses over the quarter burned through most or all of the $10 million capital raised that month. read more

In a financial crisis like no other, liquidity is abundant, excessive even. CUFSS, the mutual ADI backstop, is using the crisis to evolve a broader-based mechanism to bolster small banks shocked by th.. read more

Removing responsible lending obligations from the National Consumer Credit Protection Act is no simple business, and nonsensical as well. read more