Banking
The Melbourne fintech, with 85,000 small business customers, is launching a digital banking solution for startups after facing frustrations with traditional banks.
The RBA has finally delivered the rate cut millions of Australians have been hoping for. Just don't expect a string of further easing to follow.
Just over a year ago, AMP’s digital bank announcement was overshadowed by a margin crunch. Last week, it launched on time and on budget, surprising many.
New CEO Richard Fennell says Bendigo and Adelaide Bank doesn’t need to be like market leader CBA or the rest of the Big Four, but today's share price plunge suggests investors have their doubts.
CEO Alexis George tells Capital Brief that AMP's concerted campaign of simplification and finding the right business mix is nearing its end.
Stephen Jones had only just restored confidence in the Consumer Data Right ecosystem when he resigned. Now, a key February milestone is likely to be missed.
CEO Matt Comyn told Capital Brief the dominant lender still has plenty of room for improvement. And he plans to stick around to make it happen.
Sources told Capital Brief the new arrangements, which were negotiated under tight non-disclosure agreements, would lead to about a 30% increase in costs for lenders.
Banks have largely driven the boom in private credit by pulling out of higher risk lending. Macquarie, however, is expanding its bet with highly structured lending to its clients.
If HSBC decides to sell its Australian retail business it would offer a high-quality, clean book — just not one to attract a big premium.
As cybercrime grows, governments, regulators and the financial services sector need to devote more resources to the problem. But where will the money to pay for that investment come from?
The Australian arm of UK neobank Revolut has been growing strongly. Now, the company is eyeing a local banking licence for its next evolution.
Deregulation in Trump's first term contributed to bank collapses. Will the new administration's zeal heighten financial sector risk? And what does his return mean for private credit and crypto?
The submissions to the RBA’s payments review offer a wide range of opinions on surcharging — but critical issues remain overlooked.
Private credit is offering speed, flexibility and variety to smaller companies banks can’t match, according to East & Partners.
Bank stocks look overpriced on the fundamentals, but external forces keep them buoyant. What will it take to prick the bubble?
The decision by all major US banks to pull out of a key climate alliance is the latest example of how Trump's re-election has accelerated corporate America's ESG reversal.
Global cross-border payments specialist Wise sees Australia as a prime market for growth with digital and existing banks receptive to its platform.
