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Chief executive Peter King says multiple official interest rate rises will contribute to slower growth as consumers rein in discretionary spending to ensure they can afford higher interest payments to banks.
New analysis reveals the significant challenges faced by the banking sector
The big four’s squeezed margins could benefit from a rising cash rate, but analysts have tipped it will be countered by fierce industry competition and increased impairments. A KPMG analysis of the
In the face of ever-increasing digitisation and technological advancements, incumbent banks will need to “act now” to protect their advantages, if they want to remain relevant to consumers in the future, a consumer banking survey reveals.
Australian banks are expected to persist with their simplification and digitisation strategies in the year ahead. According to Tim Dring, EY Oceania banking and capital markets leader, Australian b