As the heat comes out of property, it appears the big banks are pulling back on the intense competition of recent years. That should be good for margins.
The former chairman of consumer finance business Humm, Andrew Abercrombie, has warned loan losses in the struggling buy now, pay later sector will worsen.
Executives from the Australian “big four banks” ANZ and NAB have struck down creating cryptocurrency trading products for its customers with ANZ saying it won’t “endorse speculating on crypto.”