Jonathan Mott News Today

The ANZ boss says the derisking of Australia’s very safe banking system is coming at a cost to growth and economic dynamism. A rebalancing is required. 

Judo founder Joseph Healy is stepping aside leaving his successor to grow the challenger bank to the scale it promised the market.

Simon Wright will succeed Nicholas O’Kane, the bank’s highest-paid employee, just as commodities trading was expected to slump.

As its customer remediation rolls off, NAB will have capacity to direct hundreds of millions more dollars to improving its IT systems under its new CEO.

The latest results suggest more customers have figured out the banks’ home loan tricks. That’s bad news for the banks.

For Kapeller Violins, it will soon be the day that the music died.

The reduction in volatility in commodity markets and the dealmaking slowdown are weighing on Macquarie’s near-term profits. But its powerful model remains intact.

NAB shares have done pretty well compared with most rivals, but it’s been the weakest of the big four banks since the start of this year.

Being unable to refinance your home loan is a well-known predicament for some borrowers, and analysts argue it could be a negative influence on banks. 

ASX bank shares are facing a troubling outlook. This leading analyst explains what investors need to consider.