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JobKeeper tweaked again

The federal government has committed an extra $15.6 billion into the JobKeeper scheme and will revise eligibility ...

RBA issues update, analysts tout policy changes

The central bank has issued a monetary policy update amid fears of a deeper recession, which have “consigned to history” an ...

Major bank to partially close 114 regional branches

A big four bank has announced that 114 smaller regional branches will only open in the mornings from next month, as the bank ...

APRA tells banks to halve dividends

The prudential regulator has told banks that it expects them to retain at least half of their earnings and reduce payouts to ...

ASIC to review responsible lending guidance

The corporate regulator has revealed that it will review its updated responsible lending guidance after deciding not to take ...

Banks announce expanded loan deferral policies

Australian banks have announced that they will support customers with a new phase of COVID-19 support, extending mortgage ...

RBA unmoved ahead of September ‘shock’

The central bank has issued a monetary policy strategy update following its monthly board meeting.

Suncorp Bank appoints new CEO

The non-major lender has announced the appointment of a Commonwealth Bank executive as its new CEO.

NAB announces executive leadership appointment

The major bank has announced the latest of a number of changes to its executive leadership team.

ASIC mulls further action amid responsible lending loss

The corporate regulator has left the door open for a High Court appeal of the Federal Court’s decision to dismiss its ...

Government unveils housing stimulus

The federal government has announced a new $700-million housing stimulus package aimed at rekindling property market activity

Australia now in recession, says Frydenberg

The economy contracted by 0.3 per cent in the March quarter, ending Australia’s 29-year period of economic expansion, with ...

Calls for negative interest rates renewed

The central bank has been urged to consider further cuts to the cash rate in the wake of the unprecedented COVID-19 crisis

Major bank executive retires

The chief executive of a major bank’s institutional arm has announced their retirement after more than 30 years in the sector

Westpac’s head of retail steps down

The big four bank has announced several executive changes, including the departure of the chief executive of its consumer ...

Bank CEO resigns, interim appointed

The chief executive of a non-major lender will step down after just months at the helm.

APRA suspends banking licence issuance

The prudential regulator has confirmed that it is temporarily suspending the issuance of new licenses in response to the ...

MyState CEO agrees to stay on

The chief executive officer of the Tasmania-based banking and wealth management group, who was meant to step down in June, ...

Banks to suspend SME loan repayments

Australia’s lenders will enable small-business customers to defer their loan repayments for six months in response to the ...

CBA slashes rates following emergency cut

The Commonwealth Bank has announced reductions of up to 100 bps on its credit products and revised its home-lending policy in ...

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