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7 Sep 2018
Shareholders greenlight bank-aggregator merger
The merger between a Western Australian bank and a mortgage aggregator has been finalised following shareholder approval. ...
6 Sep 2018
More majors pull interest rate trigger
Two more majors have announced that they will increase interest rates on their owner-occupier and investment home loan offer...
17 Aug 2018
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...
17 Aug 2018
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 intere...
16 Aug 2018
Trust in the ethics of the finance sector drops
Continuing scandals and revelations from the financial services royal commission and inquiries are further eroding Australia...
10 Aug 2018
Bank restructures group executive
Bendigo and Adelaide Bank has announced changes to the group’s executive structure and team, centring around three key cust...
8 Aug 2018
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 Wi...
7 Aug 2018
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 milli...
26 Jul 2018
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...
24 Jul 2018
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 take...
24 Jul 2018
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 f...
19 Jul 2018
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. ...
2 Jul 2018
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 behal...
25 Jun 2018
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 te...
4 Jun 2018
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 contraventi...
15 Mar 2018
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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