Major Banks

• 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

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

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

A representative action against NAB subsidiary NULIS Nominees (Australia) Limited in its capacity as trustee of the MLC Super Fund (No 4) has been dismissed by the Federal Court of Australia. read more

• Ian Rogers

Investors will be asking the board and management of Axiom Properties why it failed to disclose its heavy loss in the Supreme Court of NSW three weeks ago, in a case in which the fintech founder Luke.. read more

• Ian Rogers

1derful not only lives to try and fight another day, it is a literal Lazarus. read more

• Ian Rogers

National Australia Bank and its subsidiary Advantedge are defending proceedings bought by ASIC that it failed to respond to debtors’ hardship notices as required by the National Credit Code. read more

• Ian Rogers

The letter U is now pretty much the sole preserve of NAB, at least in the realm of trade marks. read more

• Ian Rogers

NAB will step up efforts to originate more new business via proprietary channels. read more

• Ian Rogers

In a spectacular fail, NAB chief executive Andrew Irvine told a falsehood in a radio interview yesterday on NAB’s record on branch closures. Or is he clueless on what’s really going on? read more

• Ian Rogers

Westpac shareholders will be asked to consider a pair of provocative resolutions lobbed by the activist group Market Forces at its annual meeting. read more

• Ian Rogers

Westpac employee earning less than $102,000 will receive a 5% upfront pay increase in the first year of a new three-year pay deal. read more

• Ian Rogers

Jon Waldron, formerly the General Manager of Infrastructure Engineering at Commonwealth Bank of Australia has been sentenced to six years and eight months in prison. read more

• Ian Rogers

Westpac’s profit will fall in FY2024, slump in 2025 and plateau in 2026, a harsh report on the bank by analysts Matthew Wilson and Christian Mazza from Jefferies concludes. read more

• Ian Rogers

Commonwealth Bank is targeting a mortgage book of $3 trillion. read more

• Ian Rogers

C ommonwealth Bank will be the biggest loser when interchange is completely eliminated from the Australian payments system.   Good.  read more

• Ian Rogers

There were 33,290 full-time equivalent employees on the Westpac payroll at the end of Brian Hartzer’s tenure as CEO of Westpac. And 35,350 FTEs now. read more

• Ian Rogers

Banks and non-banks know what they are doing most of the time when it comes to loosening the credit taps.   read more

• Ian Rogers

Is there a more influential, powerful and as hard working a person as Matthew Comyn, managing director of Commonwealth Bank of Australia.   read more

• Ian Rogers

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