Rising bad debts in Australia – A call for action In our previous article (refer to http://blog.nucleussoftware.com/lending/rising-bad-debts-in-australia-a-call-for-action/), we have discussed about the rising bad debts in Australia and how an impending doom is predicted in Australian market in the form of upcoming Housing Loan NPLs. This article is a read more...
Australia’s banks are counted among the sturdiest in the world. They sidestepped the last financial crisis, and the big four – NAB, CBA, ANZ, and Westpac - boast some of the highest credit ratings globally. The big four have had six consecutive years of record profits, driven in part by very low bad debts. In fact, according to the Reserve Bank of Australia, the read more...
In 2010, when Metro Bank became the UK’s first new high street bank in 150 years, little did we know that floodgates were being opened. Today, there are more than 20 banks in various stages of license application and a backlog of 86 peer-to-peer lending companies awaiting authorization to operate from the Financial Conduct Authority. It is clear that challenger read more...
