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FSC commends progress on fee disclosure review

The FSC has welcomed the “significant progress” Australia’s corporate watchdog has made in reviewing RG 97 to improve the quality and consistency of fee disclosure in the financial services ...

Approved
‘Relationship lending’ fintech seeks to raise $1.5m

A Western Australian fintech that manages loans between known parties is seeking to raise $1.5 million through an equity crowdfunding campaign.

‘Relationship lending’ fintech seeks to raise $1.5m
GDP growth projections to fall short, says NAB economist

GDP growth expectations are “optimistic” amid continued weakness in the housing market and lower than expected wage growth, according to a NAB economist.

GDP growth projections to fall short, says NAB economist
Former CBA boss joins SEEK

Former CBA chief executive Ian Narev is joining SEEK at the end of the month in a newly created dual role.

Ian Narev
La Trobe provides $50m debt facility to DomaCom

Fractional investment platform provider DomaCom has announced securing a $50 million credit facility from La Trobe Financial.

La Trobe provides $50m debt facility to DomaCom
CBA trumps competitors with $1bn mortgage growth

The Commonwealth Bank’s home loan portfolio growth has more than doubled that of its nearest competitor, with ANZ the only major bank to report a reduction, according to the latest APRA data

CBA
ANZ remediation costs have ‘more than doubled’

The major bank has revealed that it has paid over $200 million in remediation to customers over the past few years, eclipsing the remediation costs insured prior to public scrutiny.   

ANZ
NAB questioned on ‘catastrophic’ fraud oversight

The CEO of NAB was grilled about how a $40 million fraud case went undetected for years until a bank staff member blew the whistle.

NAB questioned on ‘catastrophic’ fraud oversight
APRA clamping down on P2P lending models

The prudential regulator has warned that it would take action if ADIs aren’t more diligent in identifying and mitigating risks before entering into funding arrangements with peer-to-peer ...

APRA
AMP board member and committee chair to retire

The wealth firm has announced the impending retirement of a board member at its next annual general meeting.

Geoff Roberts AMP
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