Latest News

• Ian Rogers

Elevated turnover in its home loan book and competition have held back the earnings of MyState Limited, as it completes its merger with Auswide Bank. read more

• Ian Rogers

Loans in default but not impaired continue their steady rise at NAB. read more

• Ian Rogers

A failure to preview its earnings slump, especially its margin contraction, cost shareholders in Bendigo and Adelaide Bank dearly yesterday, with its shares diving 15 per cent, after falling as much a.. read more

• Ian Rogers

The net profit of Westpac fell nine per cent to $1.7 billion over the December 2024 quarter, with net interest margin falling a massive 20 basis points over the quarter. read more

• Ian Rogers

Another tough year for AMP Bank, including a shrinking balance sheet, highlights the importance to AMP that its recent plunge into business banking will pay off for the bank. read more

• Banking Day staff

The Senate voted late last week to establish an inquiry by the Economics Committee into “micro-competition opportunities in the Australian economy in relation to e-conveyancing.” read more

• Warwick Ponder

CBA will provide transit ticketing acquiring services for the NSW Government for at least another five years. read more

• Ian Rogers

Repeated outages at PEXA and questions over the accuracy of its performance reporting have drawn the attention of ARNECC. read more

• Ian Rogers

Major banks have agreed to extend their moratorium on branch closures in regional areas for two and a half years, until mid-2027. read more

• Ian Rogers

Following a lull, Macquarie once more have their foot on the accelerator. read more

• Ian Rogers

AMP has finally unveiled its new business banking proposition, and the strategy underpinning its bank earnings from here. read more

• Ian Rogers

Discharges have frozen the financial services book of REA Group. read more

• Ian Rogers

A buy now, pay later credit provider will unable to charge a consumer more than $320 a year in the first year in fees. read more

• Ian Rogers

Paul Fowler, a senior executive at Commonwealth Bank, has been appointed by Westpac as the bank’s Chief Executive, Business & Wealth. read more

• Ian Rogers

People First Bank will be the first large mutual bank to undertake large scale branch closures, and is unlikely to be the last. read more

• Ian Rogers

The evolution of Credit Corp from a debt collection company into a consumer lender continues. read more

• Ian Rogers

Banks’ fee income from households increased by 10 per cent over the year to June 2024, mainly reflecting fee income from credit cards and personal loans, the Reserve Bank said in its annual analysis.. read more

• Ian Rogers

Bank of Queensland’s mortgage book and overall credit exposures remain in decline, the bank’s latest pillar 3 reporting shows. read more

• Ian Rogers

David Marshall has been appointed as the next CEO of Beyond Bank. read more

'Firstmac did not have a corporate culture conducive to compliance' a Federal Court judge has found. read more