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Reactive approach led to recurring misconduct: CBA
20 November 2018
CBA

It is “a culture of not learning from the past” that has led to recurrences of misconduct at Commonwealth Bank, its CEO told the Hayne royal commission.

CBA CEO commits to reducing ‘reliance’ on HEM
20 November 2018
mortgagebusiness

Commonwealth Bank CEO Matt Comyn has been questioned by the royal commission over the bank’s perceived “reliance”’ on the HEM.

APRA preparing for ‘unseasonable’ market ‘cold snap’
16 November 2018
APRA

The prudential regulator’s work has helped ensure that the financial system remains “resilient” when Australia’s “economic summer inevitably ends”, APRA’s deputy chair has said

Digital lender recruits Tesla engineer to board
16 November 2018
mortgagebusiness

An aspiring bank has announced appointing a senior engineer from Tesla to its board.

Gender pay gap highest in finance industry
16 November 2018
mortgagebusiness

The financial and insurance services industries continued to have the highest gender pay gap in 2017–2018 at 30.3 per cent, according to a report by the government’s Workplace Gender ...

Federal Court rejects Westpac $35m penalty
13 November 2018
Barrister's wig

The Federal Court has dismissed ASIC and Westpac’s agreement for the major bank to pay a $35 million penalty for supposed breaches of responsible lending laws.

Housing finance commitments drop to 2013 levels
13 November 2018
mortgagebusiness

Loans to owner-occupiers fell to the lowest level in September since 2013, according to ABS data.

Over 82% of PEXA shareholders approve acquisition
13 November 2018
mortgagebusiness

Shareholders representing over 82 per cent of PEXA’s issued capital have approved the company’s $1.6 billion acquisition, according to an update from the takeover consortium.

Finance sector rife with data breaches
13 November 2018
mortgagebusiness

The finance sector was identified by the Office of the Australian Information Commissioner as one of the most heavily targeted industries for notifiable data breaches in the third quarter of ...

LATEST PODCAST: How bank ‘simplification’ is aiding the non-bank sector
12 November 2018
Mortgage Business, Mortgage Business Uncut

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.