Judo Bank

Bendigo and Adelaide Bank is repairing compliance failures and investing $80 million in risk systems, as its digital arm turns profitable and competition intensifies.

Private credit is booming in part because banks are pulling out of lending to riskier sectors. But the big lenders are still clipping the ticket on the surging asset class.

The major banks make consistent profits and pay solid dividends, but they seem unjustifiably expensive. Competitors are looming and winning share but their share prices are not for the faint-hearted.

Bull runs are by nature quixotic and the current one in bank stocks has no visible means of support. A very predictable earnings season has added little to the story.

NAB's new CEO runs its business bank. His biggest rival is at Commonwealth Bank. So what is CBA thinking? And why doesn't that include lending to startups?

The major banks have too much capital and not enough to do with it. They already started buying back shares, and in 2024 the market is expecting more.

Bendigo Bank argued in court last year that smaller banks cannot compete effectively with the big four. Newer challengers like Judo Bank and Alex see things differently.

The margins in home mortgages are tightening so banks are shifting their attention to the smaller business sector - long dominated by NAB. So what does the boss of its business bank think?

While going public is the end goal of many startups, Judo's CEO Joseph Healy says it fundamentally changes a company and regrets going down that path.