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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 ...

APRA curbs stunting growth in apartment market, says lender
20 June 2018
mortgagebusiness

Macro-prudential measures imposed by the regulator in 2014 are beginning to take the heat out of the apartment market, with conditions expected to cool further throughout 2018, according to ...

New campaign launches to tackle elder financial abuse
19 June 2018
elder financial abuse

A newly launched campaign is calling on Australians to write to the Attorneys-General “demanding change” to ensure that bank staff can properly deter elder financial abuse.

Submissions open for Women in Finance 2018
19 June 2018
Women in Finance 2018

Submissions are now open for the annual Women in Finance Awards, the prestigious event that aims to highlight the outstanding work of women within financial services.