This Month
NSW prices gain, but no national recovery yet, PEXA says
Early signs of a recovery in the most-populous state won't prevent a further decline in home values and loans in the medium term, a new PEXA report says.
- Michael Bleby
Vaile tells big banks to back coal if they want government guarantees
The Whitehaven chairman says taxpayer guarantees for Australia's big banks come with a moral obligation to continue lending to Australia's biggest industries.
- Peter Ker
- Opinion
- Opinion
Bankers less glum about small business losses
Bankers warn the real test will come when small firms are due to resume loan repayments.
- Karen Maley
Westpac sells Zip stake the day after big Afterpay deal
The bank will rake in $366 million from the sale, but has pledged to stay close to Zip even though it has just backed its buy now, pay later rival.
- James Eyers
Westpac hitches a ride on Afterpay's juggernaut
For Westpac, which has struggled to attract young customers, the partnership will lift deposits and provide exposure to the rapid growth in Afterpay customers.
- Updated
- James Eyers
Virus response sees banks' operational resilience emerge from shadows
Herbert Smith Freehills found one-third of global bank leaders are concerned complexity will exacerbate a new risk, which the RBA and APRA are warning about.
- James Eyers
Comyn grows more bullish on housing and jobs
CBA has a more rosy view on the performance of residential housing than it did just a month ago, as the government's dumping of responsible lending laws helps borrowers get mortgages faster.
- Updated
- James Eyers
- Opinion
- Opinion
Comyn shows banker pay still a sensitive subject for shareholders
The CBA boss hasn't put a foot wrong this year, but the bank still copped a 21 per cent protest vote against its decision to give him a $1.6 million share grant.
- Karen Maley
RBA to force banks to come clean on rising payment systems outages
As payment outages surge above 2000 hours a year, banks will have to provide data to allow benchmarking and encourage more investment to improve reliability.
- James Eyers
Small business frets payment platform merger could be anti-competitive
The boards of the New Payments Platform, Eftpos and BPAY will soon consider a merger that retailers fear will lift payment costs and boost big bank power.
- James Eyers
British class action against NAB, Virgin Money heads to court
The company behind the lawsuit is filing claims from another batch of aggrieved customers, as the case approaches a first hearing in December.
- Hans van Leeuwen
Big banks' wealth exit may be short-lived
The banks are still in varying stages of exit from the troubled wealth management industry, but IOOF, Netwealth and Hub24 are already bracing for their return.
- Aleks Vickovich
- Opinion
- Opinion
Winners and losers from Frydenberg's credit shake-up
Bankers have cheered the Treasurer's move to dump responsible lending rules, but they're still waiting to see the rules that will apply to their non-bank competitors.
- Karen Maley
AUSTRAC to replace 20-year-old reporting system
The financial intelligence regulator is poised to step up supervision and enforcement, starting with the replacement of its ageing reporting system.
- James Frost
Intuit QuickBooks will tap bank data to show SMEs cheaper loans
The ACCC has accredited the giant, US-based cloud accounting software maker to use open banking which will help it take on Xero and MYOB.
- James Eyers
- Opinion
- Australian recession
Winners and losers in QE step-up
The RBA is set to pull one of the last remaining levers despite long-held reservations about its effectiveness. As with all policy measures, the devil will be in the details.
- Matthew Haupt
- Opinion
- Opinion
Why bankers are so worried about small business loan books
The Commonwealth Bank's latest update on its home loan deferrals confirms the industry view that between 55 and 60 per cent of borrowers are now confident to resume mortgage payments.
- Karen Maley
COVID-19 could kill 160,000 small businesses in Australia: Judo Bank
Judo's co-founders say the budget should provide a boost to confidence, but stimulus is needed through to the middle of 2021 to save many SMEs.
- James Eyers
Start-ups back Productivity Commission focus on regulatory technology
A new information paper by the Productivity Commission, directed to regulators, could help put regtech on the map, start-ups hope.
- James Eyers
CBA says number of customers with deferred loans is plummeting
The bank still has $42 billion of loans with repayments not being made, but this is down from $59 billion in August and $67 billion in June.
- James Eyers
