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Banks pay $119.7m in compensation

Australia’s five biggest banks have paid a combined $119.7 million in compensation to date to customers affected by non-compliant financial advice.

Financial sector to face new probe

The federal government has launched a new inquiry into the financial services industry's response to the banking royal commission.

Parliament greenlights CDR bill

Legislation to introduce the Consumer Data Right has passed both houses of Parliament, in a move which, according to stakeholders, could “...

Property prices spike in five capital cities

The housing market is continuing to show signs of stabilisation, with the latest CoreLogic statistics reporting an increase in home values across five Australian capitals.

Fed launches ‘pre-emptive rate strike’

The Federal Reserve has reduced rates for the first time in almost a decade, which, according to analysts, will serve as an insurance policy to mitigate global economic risks.

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LATEST PODCAST: Acquisitions and evolution

Do you think the mortgage market will see more consolidation this year?

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