Today
NRMA to offer home loans funded by Bendigo Bank
Like Qantas, the IAG-owned insurer will distribute mortgages to its customers via an origination platform created by fintech Tic:Toc, funded by Bendigo Bank.
- James Eyers
Yesterday
Judo chairman lashes investors for tanking share price
Peter Hodgson said the board was “taken aback” by the falls, and attacked “short-term vicissitudes” in the market.
- Lucas Baird
This Month
New Bendigo chairman not giving up on Queensland dream
David Foster, a former boss of Suncorp Bank, has taken the chairman’s seat at Bendigo and Adelaide Bank, and remains keen to grow in regional Queensland.
- James Eyers
NAB says AI will cut the drudgery for its bankers
The bank is working with Microsoft to embed AI into its 365 software, which bankers use for emails and presentations. It is also using AWS and Databricks.
- James Eyers
- Opinion
- Chanticleer
Queensland wants its voice heard in battle over ANZ-Suncorp deal
The Queensland government wants the public benefits it secured from the ANZ/Suncorp deal put front and centre as the Australian Competition Tribunal reviews the deal.
- James Thomson
Major banks survive APRA’s ‘severe but plausible’ stress tests
APRA’s chairman said no bank had breached capital and liquidity buffers in tests that assumed house prices fell by a third and unemployment spiked to 10 per cent.
- James Eyers
- Opinion
- Chanticleer
Why BoQ’s ugly result had analysts on the attack
Bank of Queensland is trying to sell investors light at the end of an 18-month tunnel. But CEO Patrick Allaway is trying to execute a turnaround in a deeply unhelpful environment.
- Updated
- James Thomson
New RBA powers to regulate Apple, Google payments
The Albanese government will release draft legislation on Wednesday to allow the RBA to regulate Apple Pay and Google Pay like other payment services.
- James Eyers
ASX-aspirant Cuscal valued at as much as $736m: BofA
Cuscal is owned by MasterCard, Bendigo and Adelaide Bank and most of the big credit unions and is targeting an initial public offering before Christmas.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Five ways that markets could blow up
With bond yields surging, investors are getting nervous something will crack in financial markets. Banks, venture capital, private markets and property are in the spotlight.
- Updated
- James Thomson
Bank investors brace for CBA’s response to its shrinking loan book
The bank faces increasing competition from ANZ and Westpac, where a “wild internal battle” for the top job has created a push for more market share.
- James Eyers
CBA home lending slide flags new mortgage war
The loan book at the country’s largest bank has shrunk for two consecutive months for the first time in 20 years. Analysts say it will respond with lower prices.
- James Eyers
Westpac to maintain Pacific presence, cancels sale of PNG, Fiji banks
The federal government is keen for Westpac to maintain its foothold in the South Pacific, as China’s influence in the region expands.
- James Eyers and Andrew Tillett
- Opinion
- Chanticleer
EQT makes its play for private equity’s holy grail – retail investors
The global private equity bigwigs are in town, this time chasing wealthy families and individuals’ money, now a red-hot private equity battleground.
- Anthony Macdonald
September
- Updated
- Executive shake-up
Suncorp’s bank boss to leave with ANZ fight looming
Clive van Horen says his new role is a good opportunity, and leaving Suncorp has nothing to do with a looming competition decision.
- Liam Walsh and Lucas Baird
Rural branch closures stir up deep emotions about the role of banks
Smithton, a small town in Tasmania, produces $840m of commodities a year. But as cash dwindles, it has lost its CBA and ANZ branches. The mayor wants answers.
- James Eyers
Banks hit back at NZ regulator’s ‘simplistic’ profit analysis
The NZCC published submissions from ASB, ANZ, BNZ and Westpac after the regulator labelled their profits as “persistently high” ahead of New Zealand election.
- James Eyers
New business guidelines aim to help firms account for impact on nature
The Taskforce on Nature-related Financial Disclosures released its final rules on nature risk, which will force banks to understand the effects of lending.
- James Eyers
NAB closes Hong Kong office, follows Westpac out
The bank has 50 staff in the city, and has told them that it intends to consolidate operations into Shanghai, Singapore and Tokyo.
- James Eyers
- Opinion
- Chanticleer
JPMorgan exec fears ‘markets won’t function’ under proposed US bank capital rule
Daniel Pinto says the firm has held up well but the potential for new capital requirements for US banks could trigger extreme volatility.
- James Thomson
