A small group of Australian startup founders and executives have been granted access to Stripe Treasury ahead of a wider launch.
Banking
Ed Husic is taking a swing at Apple’s alleged anti-competitive conduct in payments, but what regulators should do next is hotly contested.
Misclassified investors are set to pay more as Australia’s second largest bank begins reviewing its enormous loan book.
Banks like to talk tough on scams, but the HSBC case shows victims can still be left waiting years for compensation after the damage is done.
ASIC extracted a sizeable penalty after the global bank admitted it failed to protect customers from systemic fraud but some victims face an uphill battle to get their money back.
Industry funded agency AFCA is about to get a bigger remit in scam prevention. In the meantime, it’s facing a record breaking deluge of claims of wrong doing in finance.
The challenger bank will allow borrowers in priority industries including tech, finance and government to take on more leverage despite a weaker property market.
The government will ban self-managed super funds from borrowing to buy homes after striking a deal with the Greens. The SMSF industry says it wasn’t consulted.
Less than eight years after the royal commission, banks are eyeing a return to financial advice as regulators signal they may be ready to move on.
Bank bosses and regulators were keen to warn that multiple threats are escalating in an increasingly chaotic world. But a series of mishaps saw their message disrupted.
After a scathing royal commission pushed banks to offload their wealth and advice businesses almost a decade ago, there is growing talk of a comeback.
New CEO Nuno Matos got the market’s attention when he cut 3,500 jobs and laid out a series of ambitious targets for the bank. One year into the job and he says he can do more.
New CEO Nuno Matos got the market’s attention when he cut 3,500 jobs and laid out a series of ambitious targets for the bank. One year into the job and he says he can do more.
Head of retail banking Carolyn McCann has conceded the division’s cost base is too high relative to its peers, as she unveiled her new strategy.
The chief executive of ANZ says, whatever its merits, the government’s tax plan is having the desired effect on property investment.
Anthropic has finally granted Australia access to its most powerful AI model, but none of the nearly 40 companies and government agencies contacted by Capital Brief would confirm they had got it.
The collapse of a major buyers agency has sparked predictions of pain ahead for real estate agents and mortgage brokers as the market react swiftly to housing tax reforms.
The fallout from the collapse of a prominent national buyers agency continues, with liquidator Teneo saying it’s too early to say whether any money will be recovered.
As investor lending contracts sharply, Australia’s biggest banks face tougher margins, weaker credit growth and a growing threat from non-bank lenders.
The major lenders have now all called time on negative gearing.
The $100 billion fintech’s ambitions go far beyond competing with Airwallex and Wise as it tries to become one of the world’s biggest business banks.
It echoes similar moves by Westpac and Macquarie, with CBA and ANZ still reviewing their policies in the wake of the government’s negative gearing ban.
The retail bank’s Anthropic punt has given it a front-row seat in AI, and an investment record to make the Silver Donut envious.
Small rivals fear they will be squeezed out of regional markets by the same big institutions which have abandoned them.
The bank today told brokers it has effectively accepted Labor’s negative gearing rethink, warning the changes “could create a serviceability shortfall”.
Negative gearing changes are set to take the wind out of lending momentum at Australia’s biggest banks as investors get cold feet.
The federal budget has thrown Australia’s biggest banks into a frenzy as they begin restricting property investors.
Negative gearing changes are set to test the big banks, with analysts warning mortgage growth and margins could come under pressure.
As the majors taper their risk appetite, Shemara Wikramanayake says Macquarie is ready to press its advantage in retail banking.
