Westpac Banking Corporation

Nearly two-thirds of new home loans come via mortgage brokers. The economics stack up, just not for bank margins.

Despite the struggles faced by pure play BNPL providers, the payment option looks like it will survive, boosted by popularity among younger people. But it's the established players who may benefit the most.

Australia's big banks have all raised wholesale funding in recent weeks in issues that were heavily oversubscribed. Analysts and debt market observers say it’s being driven by the same forces lifting their share prices.

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.

Australia's banks are solid, with the economy resilient, bad debts under control and margin pressure easing. But investors are increasingly asking how these unexciting fundamentals support over-valued shares.

This year marks a changing of the guard at the very top of some of Australia's biggest banks. Could CBA's Matt Comyn be the next to move on — and possibly seek a more lucrative role overseas?

The big four bank today unveiled ambitious — and costly — plans for a long-awaited tech overhaul. The market wasn't that impressed.

From near death to high-staff turnover to creating billionaires, Airwallex is one of the highest-profile fintechs in the market. Now it's sponsoring an F1 team. And making no excuses for its culture.

The big four bank has a crisis CEO and a cyberpunk tech platform. Both are going to change, its chair Steven Gregg has been telling investors and analysts.

Over the last six months, ANZ, CBA and NAB have all pulled back in various ways from Asia. But in the case of ANZ - and Macquarie - it’s less a story of retreat from the region than of expansion.

Westpac and ANZ are taking a novel approach to solving internal problems they can't fix themselves.

In just over a decade, payments fintechs have built a 25% market share in the big bank-dominated merchant payment processing sector, an opaque but crucial business.

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.

The new year promises reprieve for margin-crunched bank investors — at least if the ASX bank index can be believed. But not everyone thinks it can.

Intense competition for mortgages and deposits crunched big bank margins in the second half of 2023 but investors are happier now as competition backs off.

The market for bank stocks has settled as investors and analysts finish digesting the fine print of their results. And they're not expecting a rewarding 2024.

Blown-out and failed major tech projects in the finance sector have a history of shareholder value destruction, dating back decades. Now a new wave has started — including at ANZ, Westpac and the ASX.

The banks have too much capital and not enough to do with it. The sector is clearly ex-growth and went downhill into the second half. So where now?

ANZ's Shayne Elliott says the big four bank delivered its "best ever" profit. Investors disagreed, and one analyst said the lender is underperforming its peers.

Once notorious for surprising and messy results, NAB now delivers pretty much exactly what investors expect. It's the economy that's the issue.