Arrears gear up as refinancing options wane 28 November 2023 5:42AM Latest news Ian Rogers The outer northern suburbs of Melbourne are emerging as arrears hot spots. read more
Time for many more mutual mergers: S&P 22 August 2023 5:43AM Latest news Ian Rogers The banking landscape “will settle with a small number of larger mutual players”, S&P Global said in a forthright assessment of this sector. read more
Mortgage arrears peak will be low 26 July 2023 5:55AM Latest news John Kavanagh The level of banks’ non-performing loans and credit losses will peak in the first half of next year at a relatively modest level, according to S&P Global Ratings. read more
Prime value in RMBS arrears 21 June 2023 11:37PM Latest news Ian Rogers Monetary tightening is well and truly being felt in the largely self-employed outer urban fringe of the big cities. read more
S&P sees profit reversal 06 June 2023 5:46AM Latest news Ian Rogers S&P is forecasting that the earnings of Australian banks are likely to peak this year, then trend downwards. read more
Arrears equation 'disconnects' 16 February 2023 6:26AM Latest news Ian Rogers CBA’s arrears data is out of date and misleading – “disconnected” in the words of CEO Matt Comyn. read more
Briefs: new RBA head of domestic markets, BOQ general counsel departs, fixed rate no cause for alarm 01 February 2023 5:59AM Latest news Banking Day staff The Reserve Bank has appointed David Jacobs as head of domestic markets, following the resignation of Jonathan Kearns late last year. read more
Briefs: Macquarie re-rated, SP say major correction 11 October 2022 4:56AM Latest news Banking Day staff Fitch Ratings upgraded the long-term ratings of Macquarie Group to A from A- and also affirmed the long-term ratings of Macquarie Bank at A. read more
S&P’s profit margin swells in Australia 17 May 2022 4:34AM Latest news George Lekakis The pricing behaviours of credit ratings agencies could come under intense scrutiny from the Australian competition regulator after S&P Global announced further expansion of its local profit margi.. read more
S&P maintains upbeat outlook on Aussie banks 14 April 2022 6:21AM Latest news George Lekakis S&P Global yesterday issued an upbeat commentary on the comparative credit outlook for Australian banks, indicating that some were more likely candidates for ratings upgrades than other financial.. read more
Australia a B grade credit 08 December 2020 6:00AM Latest news Ian Rogers Victoria and NSW see their credit ratings shot down. read more
Loan losses will be 'muted': S&P 09 October 2020 6:27AM Latest news Bernard Kellerman The recovery for Australia's banks will be "a drawn-out affair" as they struggle to regain pre-COVID earnings metrics, even as credit losses recede, S&P has warned. read more
Battered AMP cops ratings downgrade 08 September 2020 6:37AM Latest news George Lekakis Standard & Poor’s has lowered the credit ratings of the embattled AMP group of companies, including its banking arm. read more
AMP Banking core spared S&P group downgrade 14 July 2020 6:25AM Latest news George Lekakis The David Murray-led AMP board is expected to come under renewed scrutiny ahead of the interim profit result next month after S&P chopped the long term credit rating of the embattled financial ser.. read more
Trillions of dud loans 13 July 2020 6:31AM Major Banks Ian Rogers The worldwide assault on bank profits will exceed US$2.1 trillion over 2020 and 2021, S&P Global Ratings concludes in a lengthy assessment of the COVID-19 pandemic and its “large and long-lasting.. read more
Credit fund scores an upgrade 02 April 2020 5:03PM Insurance, funds and super John Kavanagh At least one listed credit fund has some good news to share with its investors. S&P Global Ratings has upgraded its rating of Metrics Credit Partners' Diversified Australian Senior Loan Fund from.. read more
Briefs: Newcastle on-boards tech, Defence Bank rating stable 31 March 2020 5:19PM Briefs Banking Day staff At the sole remaining building society in Australia, the majority of board members are now female. read more
S&P eyes downside risks for Aussie banks 26 March 2020 5:04PM Ratings agencies George Lekakis S&P Global Ratings yesterday warned that the economic upheaval induced by the COVID-19 health crisis has increased the downside risks for Australian property prices and banks. read more
G&C a rare bird amid credit fuss 17 March 2020 5:01PM Mutual bank Ian Rogers While "everyone's worried depositors will take money out of smaller banks, we've seen no evidence of that" G&C Mutual Bank says. read more
Banks cop earnings downgrades 12 March 2020 3:50PM Major Banks George Lekakis Banks will sacrifice revenue to rebuild their reputations, with a bad debt wave ahead. read more