Professional Services

• Ian Rogers

While strange at first glance, the upswing in insolvencies in businesses dependent on mining is a function of broader stress from restrictive monetary policy. The May 2024 Business Risk Index from Cre.. read more

Roberto Scenna, the CEO who oversaw the windup of Catholic Church Insurance, has been named as the next chief executive of Defence Bank. read more

• John Kavanagh

A provider of commercial property lease bonds underwritten by a global insurer says it is starting to build momentum in a market dominated by banks issuing guarantees.  eGuarantee was launched three y.. read more

• John Kavanagh

Failure by successive governments to expand the coverage of the country’s anti-money laundering and counter-terrorism financing regime to cover non-financial businesses has earned Australia a poor rep.. read more

• John Kavanagh

Westpac has launched an ambitious upgrade of its technology simplification program in a bid to improve customer outcomes and bring its cost-to-income ratio down to the level of its better performing b.. read more

• John Kavanagh

The treasurer introduced a bill into Parliament yesterday that includes tougher regulation of financial market licensees and requirements for climate-related financial reporting. read more

• John Kavanagh

The Australian Taxation Office has conducted raids on business suspected of using, manufacturing or supplying electronic sales suppression tools to avoid paying tax, and it has issued a warning to bus.. read more

• John Kavanagh

Climate advocacy groups and investors have stepped up their use of litigation to try and speed up the move to net zero and, while energy and resource companies and government bodies are the main targe.. read more

• John Kavanagh

Shine Lawyers has filed a class action in the Federal Court alleging that Aussie Home Loans sold junk insurance to up to 30,000 customers. read more

• John Kavanagh

Commonwealth Bank has extended its partnership with Microsoft to further ongoing cyber security initiatives and develop generative AI applications. read more

• Banking Day staff

Westpac has moved its audit business from PwC, its auditor of 50 years, to KPMG.  read more

• John Kavanagh

Payments company QuickFee enjoyed substantial growth in its lending division in the December 2023 half, driving higher revenue and margins. read more

• George Lekakis

Thousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by.. read more

• George Lekakis, John Kavanagh

Afterpay customers have been hit with late fee notifications after a systems failure resulted in direct debit transactions not being processed by the company. read more

• John Kavanagh

The sale of Challenger Ltd’s banking subsidiary to Heartland Group was expected to be completed by the end of June 2023, but yesterday Challenger disclosed that the transaction will not be completed u.. read more

• John Kavanagh

Activity in Australia’s private debt market slowed markedly in 2023, with growth of 7 per cent in assets – down from 32 per cent in the previous year. read more

• John Kavanagh

Electronic lodgement network operators PEXA and Sympli have been given a starting date of December 2025 for full interoperability of their e-conveyancing services. read more

• John Kavanagh

More than half of Australian lenders can only identify customers facing financial stress when payments are missed, and few lenders have data analysis tools sophisticated enough to identify stressed cu.. read more

• George Lekakis

Commonwealth Bank has handed itself an early Christmas present that could potentially shield it against expensive compensation claims from business customers who suffer financial losses during banking.. read more

• George Lekakis

Bank of Queensland chairman Warwick Negus yesterday apologised to shareholders for manifold risk management failures at the company but rejected calls from shareholders for the board to ditch PwC as i.. read more