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This week saw another cash rate cut of 25 bps, which many lenders had already anticipated amid the heightened competitive landscape, leading them to start cutting interest rates last week in ...

Recent data has highlighted compounding issues impacting the SME sector. Despite the recent interest rate cut, the future of business lending is uncertain.

Immediately following the RBA’s cash rate cut, lenders began implementing interest rate reductions. Some have yet to budge, however.

Todd Duncan, co-founder of Fuel !NC, will discuss high trust selling in a high-tech world at this year’s Broker Innovation Summit.

A private lender has supported global efforts to assess private credit risk, as demand grows among investors seeking alternatives to volatile markets.

Following the Reserve Bank’s decision to reduce the cash rate by 25 bps, industry heads have weighed in to offer some perspective.

CBA has introduced digital tools and fast-track approvals to help small businesses access equipment and vehicle finance more quickly.

Major bank Westpac is set to cut more than 1,500 employees in an attempt to hit lofty cost reduction targets, spurring outrage from the finance union.

The non-bank lender has faced scrutiny from the commission for an alleged failure to assist customers facing financial hardship. Resimac has since responded.

At its press conference following the cash rate call, the RBA has said households are in a good position and financial stability is looking positive.

The Commonwealth Bank of Australia (CBA) has moved to cut another 163 jobs across their customer services roles, bringing their total workforce reductions to nearly 800 over the past year.

Following the RBA’s decision to reduce the cash rate by 25 bps, lenders across the country are beginning to implement refreshed products.

The central bank has revealed its cash rate target at the third Monetary Policy Board meeting of 2025.

Commentators have unanimously agreed that the central bank will continue to ease interest rates, with the official cash rate set to drop to levels not seen since mid-2023.

Data from Commonwealth Bank (CBA) has revealed that following the February rate cut, some customers adjusted direct debit payments, putting some extra cash in their pockets.