Economy

Long-dominant oligopolies within supermarkets, general insurance and telecoms may be breaking down, but the strong position of the big four banks is “strong and functioning well”, according ...

Bank Australia has revealed plans to develop a new online portal for borrowers to receive loan status updates.

SAI Global’s property division has announced it will expand its offering beyond settlement services to other areas of banking and finance in 2016.

Bendigo Bank says its premium product offering, quality customer service and unique innovation were the main reasons behind its multiple award wins last year.

The 2016 credit outlook for the Asia-Pacific region is “somewhat negative”, with borrower refinancing and new financing risks high on investors’ agendas.

The preoccupation of the big banks with their capital costs is likely to see increased divestment activity in 2016, predicts Herbert Smith Freehills.

Australia’s customer-owned banks are confident that a Senate committee report on the credit card market has delivered positive recommendations that can be implemented quickly.

One of Australia’s big four banks has highlighted its asset quality and capital position as regulatory changes look to continue in 2016.

Diversified financial services group Omniwealth has appointed Atle Crowe-Maxwell as its COO and as director of its new business advisory service.

APRA has made a significant change to its capital framework for banks, following consultation with the Council of Financial Regulators.