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Nov 27 2018
The financial services royal commission helped NAB recognise that it was swept by a “tide” that was deteriorating its culture, NAB CEO Andrew Thorburn has conceded.
Nov 22 2018
The major bank has revealed that it had a difference of opinion over responsible lending obligations relating to credit card limit increases.
Nov 22 2018
The Australian economy will “suffer” if banks don’t take risks and restrict their lending appetite in fear of potential consequences, RBA governor Philip Lowe has said.
Nov 21 2018
The director of mortgages at Momentum Media has written an open letter to the CEO of the Commonwealth Bank of Australia, following his comments regarding broker commissions during the royal ...
Nov 21 2018
Former Commonwealth Bank CEO Ian Narev denied his successor Matt Comyn’s recommendation to pull the sale of an “unsuitable” product that ultimately required remedial action ...
Nov 20 2018
It is “a culture of not learning from the past” that has led to recurrences of misconduct at Commonwealth Bank, its CEO told the Hayne royal commission.
Nov 20 2018
Commonwealth Bank CEO Matt Comyn has been questioned by the royal commission over the bank’s perceived “reliance”’ on the HEM.
Nov 16 2018
The prudential regulator’s work has helped ensure that the financial system remains “resilient” when Australia’s “economic summer inevitably ends”, APRA’s deputy chair has said
Nov 16 2018
An aspiring bank has announced appointing a senior engineer from Tesla to its board.
Nov 13 2018
The Federal Court has dismissed ASIC and Westpac’s agreement for the major bank to pay a $35 million penalty for supposed breaches of responsible lending laws.
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