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Long summer days: How BoQ swooped on ME Bank
BoQ’s George Frazis and Patrick Allaway used high-pressure M&A tactics to steal their quarry from more fancied rivals ANZ and Bendigo Bank.
- Sarah Thompson and Anthony Macdonald
Frozen loans tumble as deferral deadline hits
The value of frozen loans falls to just 0.5 per cent of total loans as the deferral experiment ends.
- James Frost
Nine’s cyber awakening represents an alarm call for all businesses
It all began with a 3am phone call informing the new Nine CEO of a cyber attack that has hampered operations all week and led to wider industry and government angst.
- Updated
- Paul Smith and Max Mason
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March
Banks to adopt YouTube metrics
Banks could use “dwell time” to monitor customer engagement on their apps as Zip plans an expansion beyond buy now, pay later and PayPal allows users to spend with bitcoin.
- James Eyers and James Frost
- Opinion
- The AFR View
Recovery relief as housing bubble risk rises
One of the biggest questions at The Australian Financial Review Banking Summit was whether Australia’s world-leading response to the crisis may now see a housing price bubble get out of hand.
- The AFR View
- Opinion
- Chanticleer
M&A boom says economy is strong
Investment bankers have taken the pulse of the post-pandemic economy and declared it is fit and healthy enough for a bumper year of M&A, with some banks already turning away business.
- Updated
- Tony Boyd
Responsible lending changes to ease customer pain points
Bankers and the prudential regulator agree that winding back the responsible lending rules will reduce time to lending decisions as Westpac knuckles down to the turnaround task.
- James Frost
Banks primed for $180b ‘cliff’
Senior bankers are developing plans to overcome a $180 billion refinancing “cliff” to help avoid a sharp rise in the cost of borrowing for customers.
- John Kehoe
Bankers, regulators resist surging house price alarm
Australia’s top bankers and their chief regulator say there’s no need for intervention in the property market just yet, with some arguing recent price surges are down to an imbalance in supply and demand.
- Matthew Cranston and James Eyers
Big banks ‘losing visibility’ of Millennial, Gen Z customers
Buy now, pay later pioneers Afterpay and Humm Group say major banks around the world have little choice but to partner with them.
- Aleks Vickovich
How to play the hot housing market
Property experts say investing in the regions comes with risks, while inner-city bargains will begin to appear.
- Jonathan Shapiro and Matthew Cranston
- Opinion
- Banking Summit
Nothing to worry about? Maybe APRA chief should attend an auction
The housing market is sizzling, the small business market is flat. But changes to responsible lending laws won’t make as much difference as claimed.
- Jennifer Hewett
Investment banker ‘shocked’ at Canberra culture
One of the nation’s most senior female investment bankers says she is ‘shocked’ by the workplace problems exposed in politics, declaring that the finance industry cleaned up its culture years ago.
- John Kehoe
Xinja collapse a ‘successful failure’: Byres
APRA said it will make changes to the neobanking licencing regime, including insisting that start-ups have loan products that make revenue.
- James Eyers
- Opinion
- Chanticleer
Why AGL is wise to cut coal free
AGL’s move to create two separate companies – one with carbon and one without – is a pragmatic response to investor demands for an increased focus on environmental, social and corporate governance.
- Updated
- Tony Boyd
- Opinion
- Chanticleer
Surging house prices open generational divide
The Australian Financial Review Banking Summit was dominated by roaring house prices, as attention turns to the divides prices are creating between older and younger Australians.
- Updated
- James Thomson
APRA reveals metrics that could trigger a crackdown
Australian Prudential Regulation Authority chairman Wayne Byres has outlined the key metrics regulators will focus on to determine if risk levels are bubbling over as property prices surge.
- James Eyers
- Updated
- Big four
NAB’s $220m neobank deal gets ACCC green light
The competition regulator will not oppose the National Australia Bank’s $220 million takeover of neobank 86 400.
- Lucas Baird
On demand video: How banks, regulators are shaping the recovery
The Australian Financial Review Banking Summit 2021 brings together Australia’s most influential banking leaders.
- Updated
NAB trains ‘carbon bankers’ to ease the net zero path
The initiative comes as demand for green finance and other initiatives to ease the transition to net zero emissions is increasing rapidly from a low base.
- Ben Potter
No need to curb home lending: APRA, Westpac
The bank’s CEO has backed the prudential regulator’s resistance to curbing home lending, saying surging property prices are not apparent across the board.
- James Frost
Surging property prices present new risks
APRA chairman Wayne Byres’ appearance at the Banking Summit on Tuesday will ensure housing policy remains in focus.
- Updated
- James Eyers and James Frost
Westpac expands ‘banking as a service’, diverging from CBA strategy
FrankieOne will provide ID checking services to Afterpay, SocietyOne and future apps piggybacking off Westpac’s banking licence, as the bank takes a different path.
- James Eyers
Judo SME securitisation creates a new asset class for super funds
After an AOFM injection, Judo has created an RMBS equivalent of SME bonds that it says will allow it to boost competition in lending.
- James Eyers
- Exclusive
- Banking Summit
Billson calls on APRA, ASIC to clarify lending rules
Bank caution on business lending could be rectified if APRA and ASIC provided guidance that retail banking standards don’t need to be applied to SME loans, says the new small business ombudsman.
- James Eyers
