Lender

AMP Limited has announced that a former CEO of CBA will join the AMP board as chairman after the upcoming 2018 annual general meeting.

The financial services company has reiterated its “unreserved apology” for failings in its advice service, but it “strenuously denies” the allegation made by the royal commission that it has ...

The embattled lender has been forced to confront media reports that it lost the personal bank details of almost 20 million customers.

A big four bank has managed to grow its loan book by 6 per cent over the half-year to 31 March, with 51 per cent of mortgages now originated via the broker channel.

The Commonwealth Bank of Australia has said that APRA’s concerns regarding its culture and governance are “critical and fair”, has apologised for its “mistakes” and has offered the regulator ...

The Australian Prudential Regulation Authority has released a report slamming the Commonwealth Bank of Australia for having “inadequate oversight”, “unclear accountabilities” and “a ...

Leading forecaster and AMP chief economist Shane Oliver believes new bank policies around debt to income will further weigh on mortgage lending and house prices.

The major bank has “reaffirmed” the performance of its mortgage portfolio, off the back of findings made in a confidential report that was released during the royal commission.

Banks that fail to digitally transform are at risk of losing their competitive edge to the rising number of online players entering the market, according to Moody’s.

The Macquarie Group has sold off some of its shares in wealth management and mortgage company Yellow Brick Road, dropping its holding to below 10 per cent.