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RBA governor ‘appalled’ at royal commission revelations

Philip Lowe, the governor of the Reserve Bank of Australia, has said that he is “incredibly disappointed” and “appalled” at ...

PC calls for reform to ‘inflated’ LMI payments

Borrowers paying lenders mortgage insurance should be offered more choice and ASIC should intervene to safeguard their ...

Trust in the ethics of the finance sector drops

Continuing scandals and revelations from the financial services royal commission and inquiries are further eroding ...

Bank restructures group executive

Bendigo and Adelaide Bank has announced changes to the group’s executive structure and team, centring around three key ...

Former Treasury secretary joins AMP board

Former Treasury secretary John Fraser will take up a position on AMP Limited’s board from next month and acting CEO Mike ...

ASIC to embed staff within big four and AMP

The government is giving ASIC a further $70 million to combat misconduct in the financial services sector, including $8 ...

Brokers de-risk bank books, says Deloitte

The professional services giant has highlighted how third-party distribution is an effective way for banks to diversify and ...

AMP responds to allegations made in Four Corners report

The wealth giant has acknowledged that it has “let down [its] customers” and has said that it will “do whatever it takes” to ...

Broking industry contributes $2.9bn to the economy: Deloitte

The mortgage broking industry contributed nearly $2.9 billion to the Australian economy in 2017, supported more than 27,100 ...

Analysis: Is SMSF lending on the chopping block?

With Westpac and its subsidiaries bowing out of the SMSF lending space, the future of this niche offering is uncertain.

CBA served with another shareholder class action

The major bank has said that it will “vigorously defend” a new class action proceeding being brought against it on behalf of ...

CBA restructures executive team following demerger plans

The major bank’s CEO, Matt Comyn, has today announced six appointments and changes to the group’s executive leadership team ...

CBA to pay $700m penalty in AUSTRAC case

The big four bank has announced today that it will pay a civil penalty of $700 million after admitting to further ...

ACCC releases mortgage pricing report

“Opaque” pricing of discounts on home loan offerings has inhibited borrowers from making informed choices, according to a ...

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