Economy

The capacity of banks to own their “own distribution” channel will give a “significant advantage” when faced with increased regulatory pressure, Bendigo and Adelaide Bank has said.

CBA will refund more than $10 million to 65,000 customers after selling them ‘unsuitable’ insurance on home loans and credit cards.

Mortgage veteran Frank Ganis has joined a national mortgage brokerage after stepping down from his role as executive director at Macquarie Bank earlier this year.

The key to having a staff that “gels” is encouraging diversity of experience and paying attention to potential recruits’ personalities, a broker recruiter has said.

RBA governor Philip Lowe has explained the central bank’s position on interest rates and clarified the 3.5 per cent neutral rate comment that triggered a strong reaction from financial ...

Non-major lender Pepper, which is in the midst of a $675 million takeover, is planning to focus its future strategy on “scaling up existing platforms” rather than investing in new ones

A 50 per cent increase in broker sales has helped deliver a 17.9 per cent increase in AMP Bank’s residential mortgage book.

The board of the Customer Owned Banking Association has advised its members 'with regret' that Mark Degotardi has resigned as CEO.

California-based investment manager KKR will pay a significant premium to acquire non-bank lender Pepper after the group today announced that it has entered into a scheme implementation deed

The entry requirements for broking are “too low”, and if brokers want to be held in the same light as solicitors and accountants, they need to be educated accordingly.