Page 2 - Jonathan Mott News Today

By Byron Kaye and Savyata Mishra (Reuters) -Australian lender ANZ Banking Group Ltd said it was diversifying beyond a residential mortgage market gripped

The expected profit boost from higher interest rates has evaporated, casting a pall over a result that tells the story of National Australia Bank’s turnaround. 

The bank’s shares closed 6.4 per cent lower as investors fretted about competition eating into revenue and rising funding costs.

More than a quarter of home owners are refinancing their mortgages every year, and are being paid thousands by the banks for their short-lived custom.

More people have cottoned onto the pricing tricks employed by banks, and many mortgage holders have started demanding their lender give them a better rate.

By Tom Westbrook

The Australian Prudential Regulation Authority has reportedly asked banks to report daily crypto transactions amid the ongoing global banking crisis.

Sterling kicked off BoE week on Monday ahead of a key Bank of England (BoE) rate decision and inflation data due this week.

By Amanda Cooper and Tom Westbrook LONDON/SINGAPORE (Reuters) -Global shares rose on Tuesday, after the rescue of Credit Suisse arrested a rout in bank stocks, but signs of stress in the financial system are making

The nation’s prudential regulator has begun asking banks to declare their exposures, in some cases daily, to start-ups and crypto ventures after the collapse of SVB.