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Insolvencies concentrated in the leading edge industries of transport and construction will be ringing alarm bells for banks. On the consumer side there is some evidence – via Firstmac - that the stur.. read more

Credit cards and personal loans are one lending category in deep trouble in banking, the latest APRA overview of loan repayment deferrals due to COVID-19 shows. read more

A household saving ratio of around 20 per cent in the June quarter. No wonder AOFM chief Rob Nicholl is looking to the safety of cash, ‘but with a marginally better return’. read more

The broken state of the bond market was a surprise in Rob Nicholl’s AOFM update for the debt market yesterday. read more

The cost line will be the problem with the Commonwealth Bank profit in two weeks’ time, and CBA will be the biggest sell ever if they pay a final dividend. read more

The utility of the Term Funding Facility will come into focus over the two months this window remains opens, Christopher Kent, the RBA’s assistant governor for financial markets argued yesterday. read more

An unemployment rate of 8.75 per cent this time next year, and twice full employment target for Australia is one grim forecast in yesterday’s mini-budget. In June the ‘effective’ rate was 11 per cent. read more

Dividend seekers will be pinning their hopes on a more accommodating policy on capital management from APRA next week, but don’t look for any rush on the part of sell-side banking analysts to restore.. read more

The supply of business credit “appeared to have tightened,” the Reserve Bank of Australia curtly declared in the minutes of its Monetary Policy Meeting two weeks ago. read more

Philip Lowe and Josh Frydenberg will take it in turns today to reframe the macroeconomic narrative in Australia. Yesterday’s nugget: the underwhelming SME Guarantee Scheme for business lending has bee.. read more