BOQ pivots to business banking, dumps franchised branches 23 August 2024 12:41AM Bank of Queensland will take control of owner-manager branches and turn them into corporate branches. And then close many of them. read more
Commercial lending takes off for humm 21 August 2024 7:47PM Non-bank lender humm Group is producing a turnaround featuring rapid growth in receivables and the rollout of a co-funding model that may further propel its now dominant commercial finance business. read more
Mutual mergers will accelerate: S&P 21 August 2024 7:42PM “The magic number for Australian mutual lenders could be less than 10” S&P Global has projected in an analysis of the sector outlook yesterday. read more
Little to bother big NZ banks in competition report 21 August 2024 1:01AM The considered underinvestment by the four big banks in New Zealand in their core systems is one of the bedrocks of the oligopoly’s long-running dominance of the country’s banking sector, the New Zeal.. read more
Judo Bank accelerates as SME stress multiplies 21 August 2024 12:57AM Thinking as big as ever, Judo Bank is planning to grow faster than ever, even as segments of Judo’s loan book are flashing red hot. read more
MyState, Auswide do the decent thing in dire times 20 August 2024 6:23AM The union of MyState and Auswide is high conviction, high value and highly likely to work out for the best. read more
Labor MP kicks off campaign for fee-free digital payment reform 20 August 2024 6:17AM Jerome Laxale, the Labor MP for Bennelong and a member of the House Economics Committee yesterday announced the beginning of a “campaign for fee-free digital payment reform.” read more
Merits of Trust Exchange model challenged 19 August 2024 1:16AM Doubts, ranging all the way to outright hostility, are surfacing around the mooted Trust Exchange to verify identity and credentials. read more
MyState and Auswide forge merger 19 August 2024 1:14AM MyState Limited and Auswide Bank have reached agreement on a merger, the AFR’s Street Talk column reports. read more
Broad decline in NAB asset quality 19 August 2024 1:10AM NAB’s business borrowers are feeling stressed, with a “continued broad-based deterioration in the Business & Private Banking business lending portfolio” over the June 2024 quarter. read more