RC’s final recommendations revealed
Charbel Kadib
The long-awaited final report of the financial services royal commission has been released to the public, containing Commissioner Kenneth H...
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CBA arm ordered to stop charging fees for ongoing service
The financial planning arm of Commonwealth Bank, Commonwealth Financial Planning Limited, has been ordered by ASIC to stop charging fees for ongoing service.
Government cautioned as new data flags market dip
Policymakers have been urged to address concerns identified by the Hayne royal commission without “damaging” the economy, amid fresh fig...
Lender sees 43% growth in loan value
An ASX-listed neo-lender saw a 43 per cent growth in the value of new loan settlements over the second quarter of the financial year and ...
ADI licence granted to former religious charitable fund
A former religious charitable development fund is now operating as an ADI after being awarded a licence.
YBR loan settlements fall, cash deficit narrows
The financial services group has reported a 3 per cent drop in mortgage settlements but has narrowed its cash deficit by 87 per cent.
Mortgage borrowers more satisfied with brokers
Mortgagors are more satisfied with the broker channel than the direct-to-lender channel and would be more likely to use a broker in future, ...
AMP announces new board appointment
The financial services group has announced the appointment of a new non-executive director, with its CEO also assuming his board position.
Consistent values key to ethical conduct post-RC
Introducing more regulation is not the key to making lenders behave more ethically, according to a representative from The Ethics Centre.
Bank lifts home loan rates
A non-major lender has announced variable home loan rate increases of up to 15 basis points for new and existing mortgage rates.
