Lender

The counsel assisting the financial services royal commission has put it to Commissioner Ken Hayne that he should not be open to consider increases to responsible lending obligations.

Legal proceedings are being pursued against ANZ, Deutsche Bank AG and Citigroup Global Markets Australia Pty Limited for alleged cartel conduct.

The major bank has admitted to the financial services royal commission that it had “no lawful entitlement” to seize the full sale proceeds of a customer’s home.

The major bank has acknowledged to the royal commission that there were “shortcomings” in the way it identified and addressed risk.

  Beem It, a new payments app developed by three of the big four banks, has launched quietly on the Apple and Google Play app stores as the banks continue facing royal commission scrutiny

The financial services company has introduced its budgeting tool into its customer-facing app in a bid to provide users with a “clearer view of their spending and saving habits”.

The major bank has appointed Shane Buggle as group general manager, internal audit, replacing Kevin Corbally who transitioned to chief risk officer.

The major bank and the government financial intelligence agency have begun discussions on the major bank’s alleged breaches of anti-money laundering and counter-terrorism laws.

The Commonwealth Bank’s risk strategy following its acquisition of Bankwest has been placed under the spotlight, as the financial services royal commission continues.

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