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Sad story, but we have the right to get paid: ANZ tells RC
28 June 2018
Money, cash

A representative from ANZ has said that the bank was merely pursuing its contractual rights “to get paid” when it forced a couple to sell their century-old farm and other assets at a heavily ...

Non-bank lender ropes in former uno CFO
28 June 2018
mortgagebusiness

Homeloans Ltd has announced the appointment of Jason Azzopardi as its chief financial officer, replacing Ian Parkes whose resignation was announced in April.

RC prods ANZ over home seizure
27 June 2018
Royal commission, financial services, ANZ, home seizure

The financial services royal commission has revealed that the big four bank forced the sale of an intergenerational farming family’s place of residence, despite acknowledging that the sale ...

RBA governor appointed chair of global financial system committee
27 June 2018
mortgagebusiness

Reserve Bank of Australia (RBA) governor Philip Lowe has been appointed as chair of the Committee on the Global Financial System, effective immediately.

Analysis: Majors eager to return to ‘simpler’ times
25 June 2018
Money

CBA’s decision to offload its wealth business should come as no surprise to anyone. Running a “simple” outfit has now become the chief strategy for three of the four biggest banks in the ...

CBA restructures executive team following demerger plans
25 June 2018
CBA, Commonwealth Bank of Australia

The major bank’s CEO, Matt Comyn, has today announced six appointments and changes to the group’s executive leadership team in an effort to simplify the bank’s structure after revealing ...

ANZ names new treasurer as ‘cartel case’ continues
21 June 2018
mortgagebusiness

The major bank has announced the appointment of a new group treasurer to replace Rick Moscati, who has been embroiled in an ongoing investigation into alleged “cartel behaviour” involving ...

Former CBA boss begins role as AMP chairman
21 June 2018
mortgagebusiness

David Murray AO has commenced his role as board chairman at embattled wealth group AMP Limited.

Federal Court approves CBA’s $700m AUSTRAC settlement
20 June 2018
mortgagebusiness

The Federal Court has approved an agreement between Commonwealth Bank and AUSTRAC that will require the lender to pay a $700 million penalty.

ANZ cartel case prompts ASX resignation
20 June 2018
mortgagebusiness

Chairman of J.P. Morgan Australia Robert Priestley has resigned from the ASX board, effective immediately, citing the “distraction” of the ACCC’s investigation into alleged banking cartel ...