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‘Let’s be clear. This is an emergency rescue’: UBS
Swiss banking giant UBS has confirmed that it will acquire embattled lender Credit Suisse in a transaction that has been structured to maintain what value is left of the ...
LENDER • Mon, 20 Mar 2023
Non-banks increase high LTI lending: RBA
Non-banks increased their exposure to higher loan-to-income (LTI) mortgages after banks were forced to tighten serviceability buffers, according to the Reserve Bank of ...
LENDER • Sun, 19 Mar 2023
‘First domino to fall’: BlackRock mulls banking crisis
BlackRock chairman Larry Fink is concerned that recent turmoil in the US banking sector could be the beginning of a slow-moving crisis among lenders.
LENDER • Thu, 16 Mar 2023
Latitude cyber attack claims 100,000 customer drivers' licenses
ASX-listed lender Latitude Financial Group has been hit by a cyber-attack believed to have originated from a major vendor of the company.
LENDER • Wed, 15 Mar 2023
Deposit Power-backed start-up secures $3.75m in seed round
Sydney-based start-up venture Downsizer has raised $3.75 million in seed capital to accelerate the growth of its SaaS platform.
Almost 90% of new home loans are under 6 times income
Quarterly banking data from the prudential regulator shows the impact that rising rates have had on new residential mortgage activity.
LENDER • Tue, 14 Mar 2023
Stress, anxiety, and suicide: How Robodebt traumatised Australia
After nine weeks of hearings, the Robodebt royal commission is over. But the mental health impact of the controversial government scheme is still being felt.
REGULATION • Mon, 13 Mar 2023
RBA needs to reconsider 2–3% inflation target: Bouris
Yellow Brick Road executive chairman Mark Bouris believes the RBA’s 2–3 per cent inflation target is no longer realistic.
ECONOMY • Sun, 12 Mar 2023
More fintech lenders to fail, warns Moody’s
Credit ratings agency Moody’s says the fintech threat has faded amid reduced funding and tighter regulations, while incumbent banks have stepped up to the challenge.
TECHNOLOGY • Thu, 09 Mar 2023
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