The average cost to income ratio increased by 336 basis points across Australia’s four major banks in FY2024, to 49.2 per ...

Clients’ indirect exposures to Digital Currency Exchanges thus may be the chief risk for Cuscal to manage. Cuscal is believed ...

Data shared in the investor presentation shows that, for mortgage finance, the bank’s proprietary channel sourced 46.8 per ...

Retiring directors of Illawarra Credit Union and Community First Credit Union will be paid a combined $980,000 in benefits.

Under the agreement, Australian Unity will transition its banking operations to Bank Australia in late 2025. This will include the transfer of all banking customers and their loans, credit cards and ...

The medium-term outlook, group CEO Shemara Wikramanayake said is that “Macquarie remains well-positioned to deliver superior performance in the medium term with its diverse business mix across annuity ...

ACI is co-opting fintechs in their tens of thousands. “Fintechs tend to be our customers” Warsop said. “They often will serve the smalert fintechs. We tend to focus on the larger ones. We go for the ...

Additional metrics cited by Wisr: 90+ day arrears were reduced to 1.40 per cent (compared to 1.58 per cent in Q4 FY24), while net losses were down to 2.06 per cent (previous quarter: 2.75 per cent).

Tellingly, arrears hot spots have cropped up in inner cities and not just growth areas on the fringe. Moody’s ranked ‘Melbourne – Inner’ as recording arrears rates of 5.5 per cent. Will a surcharge ...

On element of traditional banking which still has a strong emotional resonance with customers – including SMEs – is access to physical cash, research by Publicis Sapient has found. Half of SMEs (49%) ...

Home lending attributed to UBank NAB put at $13.4 billion at September 2204 in its full year results last week, equal to four per cent of the bank’s mortgage book. UBank’s deposit balances were $19.7 ...