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Westpac to wear additional $341m in remediation

 A big four bank has announced that its cash earnings will be hit by a further $341 million in remediation costs.

Government launches new mortgage pricing inquiry

The federal government has commissioned the ACCC to conduct a new inquiry into the pricing of home loan products in ...

AMP Bank CEO resigns, organisational structure revamped

The non-major bank has announced a swathe of changes to its leadership team and organisational structure, which includes the ...

Major bank flags $559m in new remediation costs

A big four bank has revealed that its second-half cash profit will be impacted by an additional $559 million in remediation ...

ANZ, Westpac drop variable mortgage rates

The major banks have repriced their variable home loan products in response to the Reserve Bank’s latest cut to the cash rate

Cash rate slashed to record low

The Reserve Bank has lowered the official cash rate to a historic low, marking the third cut in five months. 

YBR announces new joint venture

The diversified financial services business has partnered with an international alternative asset manager to form a ...

ASIC bans short-term lending model

The corporate regulator has used its product intervention powers to prohibit a model of short-term lending, which, it has ...

HEM battle rages on in Federal Court

The HEM debate has resurfaced following ASIC's decision to file an appeal against the Federal Court’s verdict in  its ...

Suncorp Group appoints new CEO

A non-major has announced the appointment of a new group managing director and CEO. 

Banks to face court over ‘unfair’ credit contracts

ASIC has launched civil proceedings against two non-major lenders over the alleged application of “unfair” credit contract ...

ASIC sues NAB over unlicensed introducers

The Australian Securities and Investments Commission has commenced a court case against NAB over allegations that 16 bankers ...

ASIC to 'review' Federal Court's HEM verdict

The Federal Court has ruled in favour of Westpac in a responsible lending “test case” against the corporate regulator

Cash rate sinks to new low

The Reserve Bank’s monetary policy board has lowered the cash rate for the third consecutive month, dropping it to a new ...

RBA reveals cash rate decision - Aug 2019

The central bank has announced its cash rate verdict for the month of August following its monetary policy board meeting.

ASIC to take ANZ to court

The corporate regulator has confirmed that it will commence civil court penalty proceedings against the big four bank.

CBA amends home lending policy

The major bank has lowered its interest rate floor for mortgage serviceability assessments, becoming the third major bank to ...

Major bank appoints new CEO

A big four bank has announced the appointment of a new chief executive officer.

APRA urged to increase supervision outside of mortgages

The APRA Capability Review has been released, outlining that while the regulator has been “an impressive and forceful ...

Big four bank updates home lending policy

A major bank has revised its interest rate floor and buffer in response to APRA’s recent regulatory amendments.

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