Shadow bank lenders are seeing a rise in demand as the traditional banks tighten their loan books to ward against major defaults in commercial property.
An 0.05 per cent quarterly levy on Victoria’s share of bank liabilities would raise an estimated $1.25 billion next financial year,costings have found.
A landmark ruling underlines how Macquarie Group,better known for investment banking,is making a serious play in the less racy retail banking sector.
The earnings of the country’s second-largest bank fell by almost 17 per cent in the December quarter as it grappled with growing arrears in local home-lending and a slowing economy.
It’s a sticky decision for Treasurer Jim Chalmers given his government has been waging a war on the dominant players in concentrated industries.
The Australian Competition Tribunal has overturned the competition watchdog’s decision not to allow ANZ’s proposed acquisition of Suncorp’s banking arm.
In the past few weeks it has only become harder for banks to argue their corporate good citizen bona fides,following Allan Fels’ report on price gouging.
With financial losses from scams mounting,should banks be doing even more? Consumer advocates think so.
The Commonwealth Bank is tipped to post half-year cash profits of more than $5 billion.
Companies are slashing employees’ work hours to cut costs and stay afloat as high-interest rates and inflation dampen consumer spending,bank data shows.
Turning a basket case into a high-performing enterprise is a sure fire way to attract admirers. Inheriting a well-oiled corporate machine makes it harder to excel.