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Financial counselling funding body up and running

The Financial Counselling Industry Fund, which will administer industry contributions to the financial counselling sector, has opened for business with $33 million of commitments in its kitty.

Banking Day

Commonwealth Bank has extended its partnership with Microsoft to further ongoing cyber security initiatives and develop generative AI applications.

ASX LIVE: ASX to rise, S&P 500 closes higher on real estate, tech

Australian shares were up 0.8 per cent, led by gains in 10 sectors. AMP expecting first strike on bonuses. REIT HealthCo & Wellness completes placement. NobleOak in breach of APRA’s prudential standards. BNPL providers promise to strengthen code of conduct.

Australia's Stocks Lead Gains in Asia After Wall Street's Jump; Yen Hovers Near 149-Levels

Shares in the Asia-Pacific traded higher on Tuesday after Wall Street’s rally overnight.

While Global Central Banks Take on Jumbo Hikes, Australia Took a Smaller Step

The central bank’s board members said they “recognized the benefits of a smaller increase,” according to minutes released from its Oct. 4 meeting.

Buy now, pay later: how Wall Street titan James Morgan issued a storm warning for BNPL

Morgan Stanley boss James Gorman delivered the frightening forecast about the expansionary mindset that drove the export of buy now, pay later from Australia.

Australian public hearing considers case for regulatory controls to ensure payment apps get access to smartphone NFC technology

Parliament considers banning credit cards for online gambling

Ombudsman shares RBA concern over small business access to finance

Date Time Ombudsman shares RBA concern over small business access to finance The Australian Small Business and Family Enterprise Ombudsman Bruce Billson has backed the RBA’s plea to banks to treat small businesses differently to consumers when considering loan applications. Mr Billson welcomed further scrutiny of small business access to finance pledged by RBA Assistant Governor Chris Kent in today’s address to the Australian Finance Industry Association. “Finance is the oxygen of enterprise,” Mr Billson says. “Mr Kent’s comment that access to finance for small businesses has been a long-standing challenge and is now tighter than before the pandemic, is correct.

Australia Small Business Failures Expected to Rise