Lender

A big four bank engaged in “unconscionable conduct” by charging customers periodic payment fees even though it knew it was overcharging, the Federal Court has found.

The regulator has granted a restricted ADI licence to a new bank for the Australian market.

The major bank has announced the retirement of Peter Marriott from the Westpac board at the end of the 2022 annual general meeting.

The RBA’s November cash-rate increase to 2.85 per cent is flowing through to more Australian bank interest rates this month.

The merger of two mutual lenders now only requires APRA approval to go ahead, after members gave the deal the green light.

Digital bank BNK has reported first quarter 2023 growth across key metrics, with its total portfolio now around $2.8 billion.

Community First Credit Union has announced that it will be rebranding as Community First Bank after a successful trademark dispute in 2021.

ANZ’s “strong” financial year 2022 results have highlighted “restored momentum” in its Australian home loans.

Westpac Group has announced an extension of its partnership with Australia Post to continue offering over-the-counter banking services.

The Federal Court has ordered the big four bank to pay a $25 million penalty for failing to provide certain benefits to customers with offset transaction accounts or its Breakfree package.