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20 Dec 2018
HSBC appoints new head of retail banking
The non-major lender has announced that a former Westpac state manager has been appointed as HSBC Australia’s new head of r...
19 Dec 2018
APRA scraps interest-only cap
The prudential regulator has announced that it will be removing its 30 per cent speed limit on interest-only lending from 1 J...
13 Dec 2018
Major bank group executive to step down
The group executive of a big four bank’s Australian division has resigned from his role.   ...
11 Dec 2018
Mortgage pricing too opaque and discounting too time consuming: ACCC
Pricing for mortgages is “opaque” and the cost and effort needed to search for discounts is “unnecessarily high”, the...
7 Dec 2018
New ASIC deputy chair appointed
The government has appointed a new deputy chair to the Australian Securities and Investments Commission (ASIC) following the...
5 Dec 2018
Bank CEO and MD resigns
The chief executive officer and managing director of a non-major bank has resigned from his role to focus on his long-term he...
4 Dec 2018
RBA announces pre-Christmas cash rate
The Reserve Bank announced its cash rate decision for the month of December this afternoon, set against a backdrop of a prope...
30 Nov 2018
Shareholders agree to lender acquisition
The result of a shareholder vote to determine the outcome of a $630 million takeover bid for a lender has been announced. ...
16 Nov 2018
Government announces $51.5m war chest to combat misconduct
The federal government has announced that it will be providing an additional $51.5 million to the public prosecutor to battle...
13 Nov 2018
Federal Court rejects Westpac $35m penalty
The Federal Court has dismissed ASIC and Westpac’s agreement for the major bank to pay a $35 million penalty for supposed b...
8 Nov 2018
Major banks back HEM despite RC concerns
Three of the big four banks have expressed support for the Household Expenditure Measure, in response to concerns raised by t...
25 Oct 2018
Digital brokerage names new CEO
An online mortgage broking firm has appointed Anthony Justice as its new chief executive. ...
4 Oct 2018
Treasurer slams Labor’s royal commission ‘roundtable’
Federal Treasurer Josh Frydenberg has upbraided the Labor Party’s suggestion that it would “give a voice to the victims...
28 Sep 2018
Royal commission releases interim report
The interim report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry h...
26 Sep 2018
Government looks to double jail time for misconduct
The federal government is consulting on new, harsher penalties for corporate and financial sector misconduct, including intr...
26 Sep 2018
AMP to remove SMSF loan product from sale
The wealth giant has announced that it will remove its self-managed super fund loan product, SuperEdge, from sale next month,...
24 Sep 2018
Lender confirms $630m takeover bid
An ASX-listed lender has confirmed that it has entered into an agreement with a takeover aspirant seeking to acquire 100 per ...
18 Sep 2018
ASIC deputy chair resigns
The federal government has announced the resignation of the corporate regulator’s deputy chair, Peter Kell, following seven...
18 Sep 2018
CBA withdraws from SMSF lending
The Commonwealth Bank of Australia has become the latest major bank to withdraw from self-managed super fund lending, announc...
18 Sep 2018
Major banks to face multiple court proceedings
A major law firm has confirmed that it is mounting multiple court proceedings against the major banks for failing to make rea...
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