This Month
Meet the ex-con behind this $400m private credit business
Kalpi Prasad is riding Australia’s private credit wave, drawing on a troubled past to serve clients who don’t fit neatly into traditional financing.
May
ANZ’s Matos era to begin with a letter from Elliott
When the bank’s new boss opens the top drawer of his desk on Monday morning, he’ll find a letter from his predecessor, before starting meetings and visits.
NAB is Australia’s most hunted bank. It’s fighting back
Chief executive Andrew Irvine knows he’s got what everyone wants – the leading business bank in the nation. And he’s not giving up his turf without a fight.
NAB ekes out profit growth as it fends off business lending rivals
NAB, like its rivals, is facing pressure on its interest margins, but CEO Andrew Irvine still managed to beat market expectations sending the shares higher.
Judo, Block shares smashed after misses
Quarterly updates from the business bank and payments player met a savage market reaction, with loan and sales growth undershooting because of business uncertainty.
April
Billionaire Tim Roberts falls behind on his bills
Perhaps the Multiplex heir was just surprised to get an invoice from a business other than Mineral Resources.
March
NAB’s $230b business bank crown jewel faces its biggest test yet
Even on the day he was named as the bank’s chief executive, Andrew Irvine knew the barbarians were at the gate. Thirteen months later, they are over the wall.
Small caps bulldozed by ETFs
Small and micro-cap stocks are meant to be the mid to large caps of the future. But a combination of structural and cyclical trends have some in the market questioning their long-term viability.
The stressful life of Sydney’s left-of-field distressed debt broker
Ben Madsen has long had a low profile. Now he’s found himself the centre of unwanted attention, and is fighting for his home. Can he come back from the brink?
February
Tyro’s profit lifts from health payments boom
ASX-listed payments stocks Tyro, Cuscal and EML reported interim results on Wednesday. All three rose on the market on stronger numbers.
Judo shares jump as business bank says economy has ‘safely landed’
In contrast to Bendigo, Judo said its margin was expanding as it managed growth from both sides of its balance sheet. Investors reacted positively.
George Frazis is back and wants to start a private credit fund
Two years after his acrimonious exit from Bank of Queensland, the former CEO has returned to corporate Australia with his own start-up brokerage.
Westpac to offer legal services as it vies for business bank customers
The big four bank has made a strategic $10 million investment in Lawpath, as it looks to maintain its recent market share gains.
Westpac poaches from CBA for its new head of business banking
Paul Fowler, who has been leading business banking across regional Australia for the Commonwealth Bank, has defected to a big four rival.
December 2024
People pleasing cost me $32,000. Here are four ways to stop it
Since people pleasing is a personality trait, dialling back your spending requires more than learning the nuts and bolts of money management.
October 2024
AMP eyes February for long-planned expansion into business banking
The company, which already has a major mortgage loan book, will target start-ups and sole traders as it attempts to find higher margins.
RBA puts payment industry on notice to protect shops, restaurants
Business groups including those representing the hospitality and convenience sectors worry they will be left wearing the cost of a ban on debit card fees.
July 2024
This private credit fund is going big on companies failing ESG tests
Balmain Corporation said it had considered calling the strategy a “Vulture Series” – but decided naming it after a different bird of prey was more appropriate.
Bankers seeking their next big pay day are chasing these clients
Investment banks are now after riskier, smaller companies so they can pounce on the spoils of a trophy listing or a huge sale to private equity.
June 2024
CBA unveils aggressive business banking strategy to take on Macquarie
Among measures outlined by the bank is a plan to target $20 billion in deposits real estate agents hold for renters, a niche dominated by Macquarie.