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Economy

Potential rate cut driving consumer confidence boost
14 February 2019
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The prospect of a possible rate cut by the RBA has helped lift consumer confidence in February, according to a new consumer sentiment survey.

AusPayNet names new CEO
14 February 2019
Andy White, Auspaynet

The Australian Payments Network has revealed that Andy White will take over the reigns as its new chief executive.

Neobank partners with wealth management platform
13 February 2019
mortgagebusiness

Australia’s newest bank has partnered with wealth management platform Spitfire to enable its clients to access its soon-to-be launched deposit products.

AMP appoints first Australian managing director role
13 February 2019
AMP

AMP Capital has announced the appointment of Marsha Beck to its newly created role of managing director Australia.

PM wants people to ‘face consequences’ for misconduct
12 February 2019
PM wants people to ‘face consequences’ for misconduct

The Prime Minister has said that he wants to “see people face consequences for their actions” in respect to misconduct in the financial services sector, following suggestions some players ...

Bank’s mortgage portfolio grows despite ‘challenges’
12 February 2019
Bendigo and Adelaide Bank

A non-major bank has reported a slight growth in its residential mortgage lending portfolio in H1 FY19 against the backdrop of a “challenging” environment.

Resimac eases mortgage application process
12 February 2019
mortgagebusiness

Non-bank mortgage provider Resimac has announced it will group credit bureau listings as single ‘credit events’ to make applying for a mortgage easier.  

AFCA appoints small business ombudsman
12 February 2019
AFCA

AFCA has announced the appointment of a former Victorian Small Business Commissioner as its first dedicated small business ombudsman.

New compensation scheme for misconduct victims
11 February 2019
Parliament

The federal government has announced it will “take further action” to compensate customers affected by historical misconduct, including by awarding $30 million in compensation to 300 ...

Hayne report ‘disappointing blow’ for Indigenous Australians
11 February 2019
Financial

Commissioner Hayne’s recommendations do “less than the bare minimum” to protect and educate Indigenous Australians, a not-for-profit financial literacy foundation has criticised.