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
This Month
MST Financial signs veteran banking analyst Brian Johnson
Long-serving banking analyst has resurfaced six months after he left US investment bank Jefferies.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Opinion
Macquarie feels the sting of rising rates
The investment bank’s sprawling asset management business, which has benefitted from more than a decade of ultra-low interest rates, faces a tougher environment.
- Karen Maley
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
- Explainer
- Cryptocurrencies
Why banks are looking at real-world asset tokenisation
Banks spend billions each year on systems to track and finalise millions of trades. Could crypto help to streamline processes?
- James Eyers and Jessica Sier
Tokenisation of real-world assets is the killer app for crypto
What if crypto was not only a speculative asset class but a new technology stack for financial markets?
- James Eyers and Jessica Sier
NAB, CBA switch on digital identity checking service
ConnectID is live at two major banks, with two more to follow, making transacting easier for SMEs, real estate agents and sellers of alcohol.
- James Eyers
‘Tokenised’ assets could save markets $17b a year: RBA
The central bank estimates companies and the government could save $17 billion if real-world assets are created in digitised form.
- James Eyers and Jessica Sier
Crypto exchanges to be regulated under bolstered licence regime
Assistant Treasurer Stephen Jones will detail the government’s crypto regulation plans at The Australian Financial Review Crypto Summit on Monday.
- James Eyers, Jessica Sier and Tom Richardson
How crypto is forcing banks, funds towards new digital asset markets
The market cap of cryptocurrencies is $1 trillion. But real-world assets are valued at $800 trillion. How much could be “tokenised” onto blockchains to create efficiencies?
- James Eyers
Why Australia needs to take India seriously
The Asian giant is the source of significant numbers of migrants and its burgeoning economy offers opportunities for investment.
- James Eyers
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
CBA chairman: supporting the Voice ‘policy’, not ‘political’
Paul O’Malley defended a $2 million contribution to the Yes campaign, which he said is consistent with CBA’s support of Indigenous communities.
- James Eyers
Major banks speed past 2000 job cuts in 2023
The big four banks have made more than 2000 workers redundant this year as they tighten their belts in response to growing cost pressures.
- Lucas Baird
Is CBA’s share price overvalued?
Some brokers say the bank’s historical price-earnings premium is no longer justified amid tough competition to write mortgages. Others disagree.
- James Eyers
Barrenjoey upgrades Westpac, predicts bigger investment spend
Analyst Jon Mott says the bank delayed much-needed investment since it bought St George in 2008.
- Lucas Baird
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
- Updated
- Interest rates
Big squeeze no bar to another RBA rate rise
The Reserve Bank could still lift rates even after finding rapidly rising mortgage repayments had starved some borrowers of the ability to pay expenses such as health insurance and school fees.
- Updated
- Jonathan Shapiro and Michael Read
Westpac ends St George, Bank of Melbourne private banking arms
The company has told wealthy customers it intends to roll the services into its mainline brand to more effectively invest in the business.
- Lucas Baird
NAB veteran Angela Mentis retires, changing CEO succession race
The bank has lost a second senior executive this year, with its data and digital boss following former CFO Gary Lennon out the door.
- Updated
- James Eyers
