Bendigo and Adelaide Bank chief executive Marnie Baker has defended an increase in costs by saying the lender’s main focus is on growth.
Commonwealth Bank boss Matt Comyn says the growth spurt is not being driven by investors piling into the Sydney and Melbourne markets.
Chief executive Marnie Baker on Monday said the regional lender could continue expanding its share in the crucial home lending market.
Australia's biggest banks will stop offering automatic mortgage holidays to home owners struggling financially during the coronavirus pandemic.
Bendigo Bank has been publicly shamed for aggressive debt collection tactics between 2015 and 2019.
Bendigo and Adelaide Bank chief executive Marnie Baker has vowed to keep expenses in check after a surprise blowout in costs for the full year.
Bendigo and Adelaide is the latest financial institution to pull its profit guidance in the face of a wave of bad debts and uncertainty about the economy.
The regional lender has promised a'digital revolution'including a new mobile app and cloud platforms,as it upped its cash earnings guidance for the full year.
Earnings season to date hasn't been a disaster,but investors continue to grapple with the question of whether the results have justified the ASX's positive momentum.
Bendigo Bank wants to raise $300m to invest in technology and its residential mortgage arm,as its CEO says it is benefiting from a loss of trust in the big four.
Heavy metal rockers Metallica have joined the burgeoning list of those who have raised money to bring financial relief to bushfire-affected communities.