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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.

ANZ ‘disappointed’ with housing affordability response
15 June 2018
mortgagebusiness

The major bank has called for “meaningful” reform, noting that it is dissatisfied with the federal government’s “narrow” policy response to housing affordability.

Topics for fourth round of royal commission hearings released
13 June 2018
Scales of Justice, hearing, royal commission

The financial services royal commission has announced that the next round of hearings will review issues experienced by customers of financial services entities in remote and regional ...

Macquarie mortgage push sees loan growth hit 17.5%
12 June 2018
loan growth, mortgage push

Macquarie Bank has been growing its owner-occupier home loans business more than twice as fast as the big four banks.