Economy

A non-major lender has announced the retirement of a non-executive director from the bank’s board.

The Australian Financial Complaints Authority officially opens today, becoming the new, single point of contact for financial industry complaints.

Enforceable undertakings are generally effective in deterring financial sector misconduct, but there are also areas of improvement, according to a study commissioned by ASIC.

The federal government has announced that the ACCC’s Rod Sims will maintain his chairmanship for another four years.

One of the “fundamental causes” of the “current crisis” in the financial sector is the “lack of competition”, which created a culture in which the major banks placed greater focus on ...

Borrowers are now less familiar with mortgage terminology than they were last year, according to new research from Gateway Bank.

The Reserve Bank is seeking public input on the functionality of the New Payments Platform launched in February.

One in five Australians believe that banks do what is “good, right and fair”, according to new research from Deloitte.

Treasurer Josh Frydenberg has announced that the federal government has finalised an agreement designed to provide a total of $2 billion in funding for housing and homelessness services in ...

The bank has announced that it is removing or reducing 20 fees across its deposit and lending products.