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Economy

CBA boosts investment in new payment provider

Swedish buy now, pay later provider Klarna has officially launched in Australia, with major bank Commonwealth Bank of Australia rolling the app out to its customers and tripling its ...

Digital banking
Coronavirus threatens health of Aussie economy

The coronavirus could drag Australian GDP growth close to zero for this quarter, and the situation could get worse before it gets better, according to BetaShares.

mortgagebusiness
RBA granted additional breathing space as inflation ticks up

A February cut to the cash rate is “materially” less probable, with the latest inflation data building on positivity from stronger than expected labour market figures, according to ANZ ...

RBA
Warning issued to bushfire-affected banking customers

An industry group has issued a warning regarding scammers requesting sensitive information from bushfire-affected banking customers.

mortgagebusiness
Clearance rates, auction volumes bounce

A “significant increase” in clearance rates and auction volumes was reported over the December quarter, according to CoreLogic research.

Auction sold
Financial accountability regime to be extended

A consultation has opened on extending BEAR obligations to all APRA-regulated entities, including insurers and superannuation entities, under the new Financial Accountability Regime.

Financial accountability regime to be extended
Former BT Financial CIO joins ING

The non-major has announced the appointment of a new CIO, just a day after appointing a new chair.

mortgagebusiness
HSBC appoints new Australian CEO

The non-major bank has appointed a new chief executive officer of HSBC Bank Australia Ltd, taking over from interim chief executive officer Noel McNamara.

HSBC appoints new Australian CEO
Bushfire crisis drives down consumer sentiment

The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 1.8 per cent to 93.4 in January, from 95.1 in December.

Bushfire
ING appoints new chair

The non-major has appointed the former chair of APRA to head up its board.

John Laker AO
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