ANZ result shows the big banks are running on the spot

ANZ suffered a 3 per cent fall in Australian home loan balances during the year to September, which is a reduction of around $7 billion. The bank says things are turning around. For a bank going through a major simplification…

Small bank faces its ‘Kodak moment’

It used to be an article of faith among investors that a bank was a safe investment, with earnings tied to steady growth in the home loan market and the prospect of a steady dividend flow. Not any more. Evans…

Kavanagh

Australia continues its move to an online banking world, with fewer bank branches and ATMs. Most of us are fine with that, as we do more of our financial transactions and shopping online. But a recent survey of the move…

Banks’ handling of financial difficulty not up to scratch

Banks need to improve the way they deal with customers struggling with financial hardship, a review has found. The Banking Code Compliance Monitoring Committee released a review of banks’ performance in this area, and it wants changes. The review found…

The New Criterion

Novatti Group (NOV) 25c Four Pillars beware! The low-key payments services house is applying for a banking licence under a new restricted ‘P plate’ category aimed at supporting the growth of the fintech sector. If Novatti gets the green light…

New banking code a win for customers

Banks will abolish some fees, make it easier for customers to switch banks and be more proactive in dealing with customer in financial difficulty, under the terms of a new Banking Code of Practice. The Australian Banking Association announced last…