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Non-banks raise $15b for mortgages the banks couldn’t write
The major lenders have warned tough rules are pushing borrowers to more expensive and riskier loans. But banks still dominate the market.
- Updated
- Lucas Baird and James Eyers
- Opinion
- Opinion
Five years after the royal commission, big banks have their mojo back
But the newfound assertiveness isn’t simply due to the fading of past humiliations. They are increasingly conscious their large size is now a huge asset.
- Karen Maley
- Opinion
- Opinion
Banks struggle to balance risk, reputation and regulation
Blowback over lending practices and perceived corporate greed means banks have become reluctant to take too many chances with their lending. But at what cost?
- Jennifer Hewett
CBA, NAB business bankers want to take more risk as competition mounts
Business bankers believe lenders should diversify how they collateralise business loans, including methods such as equipment or invoice financing.
- Aaron Weinman
- Updated
- Anna Bligh
Banks warn growing risk aversion pushing borrowers into worse loans
National Australia Bank’s Ross McEwan says some prospective customers are being pushed toward riskier loans as the rules make lending more expensive.
- Updated
- Lucas Baird and James Eyers
March
Housing supply crunch brings questions about migration: NAB’s McEwan
The National Australia Bank’s chief executive said building approvals would have to rise to “well over 200,000” to sustain current immigration numbers.
- Lucas Baird
Westpac and NAB back CBA, call for more scrutiny of Apple in payments
Authorities in the US allege the tech giant has locked the iPhone to build a monopoly. In Australia, banks say its digital wallet prevents competition.
- Jonathan Shapiro and James Eyers
- Opinion
- Chanticleer
The feeding frenzy that sent CBA shares to $120
Commonwealth Bank’s staggering $120 a share price came up a few times at The Australian Financial Review Banking Summit. Brian Johnson nailed why it had run so hard.
- Anthony Macdonald
- Opinion
- Chanticleer
It’s time for banks to take more risk, not less
While the prudential regulator sees more stresses ahead for banks, top CEOs worry the sector has become too risk-averse. They’ve got three big ideas to drive growth.
- James Thomson
Slash income tax, lift GST and levy tech giants: Comyn’s growth fix
Commonwealth Bank’s chief executive is advocating the changes as one way to turn around a forecast long-term economic slowdown.
- John Kehoe
How I would fix Australia's productivity challenges: Comyn
CBA CEO Matt Comyn freestyles some ideas to change political terms and reform tax to turbocharge Australia's productivity.
- Updated
Has the pendulum swung too far, asks McEwan
Outgoing NAB CEO Ross McEwan asks if the pendulum has swung too far on banking regulation, leaving vulnerable Australians to payday lenders.
- Updated
Why it’s so hard to keep cash alive in Australia
The peak sector lobby group has confirmed the banks and large retailers have offered a short-term lifeline to keep cash transport firm Armaguard operating.
- Lucas Baird
ABA boss: have banks become too risk averse?
Former Queensland Premier and Australian Banking Association CEO Anna Bligh questions whether Australian banks have become too conservative on lending.
- Updated
- Exclusive
- Big four
Last-minute lifeline to keep cash afloat
A short-term financial injection in the tens of millions of dollars has been offered to help Armaguard, the Lindsay Fox-owned cash transport firm, survive.
- James Eyers
A decade of Banking Summit front pages
Here’s how The Australian Financial Review told the story of a decade of momentous developments in banking and finance.
From scandals to Team Australia: a decade of the AFR Banking Summit
The Summit is in its 10th year. We’ve had a courtside seat to the drama as a tarnished sector recovered during COVID.
- James Eyers and Lucas Baird
Comyn lashes low scrutiny of tech giants’ ‘economic miracle’ returns
Commonwealth Bank boss Matt Comyn says local companies are being subjected to significantly more scrutiny than Apple, Meta and Google despite their big margins.
- Updated
- James Eyers
Chalmers pushes planning scheme amid torrent of new banking rules
The treasurer said the so-called regulatory grid would force regulators to consider the burden of changes on lenders, especially smaller and regional groups.
- James Eyers
February
Succession intrigue over next NAB business bank boss
Imagine our curiosity when the bank, recently bereft of a business banking boss after Andrew Irvine was promoted to CEO, subbed in someone new for an upcoming event.
- Lucas Baird
- Analysis
- Mergers & acquisitions
The junior banks at the top of the big four wishlist
Could Judo Bank or Bank of Queensland be a target for National Australia Bank?
- James Eyers and Liam Walsh
Banking and business lobby blast 583-day wait for ANZ’s Suncorp deal
The ACCC’s former chairman Graeme Samuel was also critical of the decision to block the deal, saying it was clear to him that it was wrong from the outset.
- Ronald Mizen
- Opinion
- Chanticleer
How Macquarie helped ANZ win Suncorp
After more than 18 months, ANZ finally has its prize and can buy Suncorp’s banking division. Sorting out the winners and losers isn’t as clear-cut as it seems.
- James Thomson
CBA’s business boss describes Macquarie as a ‘formidable’ competitor
Macquarie’s assault on major banks will force CBA to lift investment, as Mike Vacy-Lyle confirms it will target real estate agents with a new software product.
- James Eyers
Westpac boss says RBA will be easing ‘within’ a year
Westpac stood back from aggressive mortgage market growth to protect its NIM over the past quarter, a similar strategy to its biggest rival, CBA.
- James Eyers