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How resilient are mutual banks?
Mutual banks may have lower headroom than the majors to confront the current challenged environment but the sector still has some...
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How Westpac is managing the impact of COVID-19
As Westpac confirmed Peter King as the CEO, the bank’s chair John McFarlane outlined the approach the bank was taking in the...
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Moody’s downgrades Australian banks
The ratings firm has revised its credit outlook for Australia’ banks, downgrading its rating from stable to negative given the...
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Lend Capital looks to banks to overcome SME funding delays
Banks have the opportunity to partner with technology firms to fast track the new COVID-19 government-backed funding measures to...
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CBA widens COVID-19 support
The Commonwealth Bank will provide further support for its cusotmers impacted by the coronavirus including its home loan and credit...
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Judo Bank gets government funding
Judo Bank has secured funding from government’s $15 billion structured finance fund.
In the first round of funding...
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Finder predicts COVID-19 will fast track the decline in cash
The decline in cash and physical shopping has seen a steady decrease over the years, but the continual impacts from COVID-19 could...
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Major banks have headroom for a severe downturn: S&P
Major banks will be able to withstand credit losses rising six times compared with 2019 as well as a 20 per cent decline in their...
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Credit cards and BNPL spend falls as young pullback
Credit card usage has been hit the worst in the payment sector as consumer confidence hits new lows amid COVID-19 uncertainty....
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