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19 May 2023
A major bank has told a Senate inquiry into regional bank closures that only “1 per cent of transactions are over the counter”, justifying regional closures.
23 December 2021
Closing branches in regional areas will have a ‘disruptive’ impact on SMEs and cause a ‘ripple effect’ on communities, the small business ombudsman has warned.
15 February 2022
While a “competitive backdrop” leached away at its profit margin, the group secured $2.1 billion in new home loans over the six months to December.
17 March 2023
BlackRock chairman Larry Fink is concerned that recent turmoil in the US banking sector could be the beginning of a slow-moving crisis among lenders.
10 November 2023
While home lending “remains a key market”, the major lender will be “tilting towards” its business bank, according to its chief executive.
6 November 2023
A report by the customer-owned bank has found that the majority of people agree that home ownership is important to their happiness.
4 January 2023
A long-term low-interest rate environment didn’t adversely affect Australian banking profitability, the RBA has found.
24 January 2025
Aussie banks have made strides in supporting vulnerable customers, but further improvements are needed, according to the BCCC’s latest report.
4 November 2022
The regulator has granted a restricted ADI licence to a new bank for the Australian market.
1 August 2018
Australia’s major banks have traditionally been the first to respond to higher funding costs by hiking interest rate; however, recent “political scrutiny” and the financial services royal ...
8 July 2024
Good news for Aussies as economists from Bendigo Bank are predicting the RBA cash rate to remain steady throughout 2024.
23 May 2023
A leading Australian banking analyst has accepted that lenders will soon see a rise in bad debts as the full impact of rate hikes begins to hit borrowers.
2 February 2023
The federal Treasurer has advocated the renovation of the central bank and overhaul of markets in his new essay, “Capitalism after the crises”.
9 November 2022
The non-major bank has reportedly recovered over $10 million from scammers over the last 12 months.
21 March 2024
A scam attempt almost cost one NAB customer a bundle before it was caught by a Sydney-based business banker.