Nov 30 2021
The major bank’s chief has apologised to customers, admitting far-reaching systemic issues led to each of the six matters presented in new civil lawsuits.
Nov 30 2021
The Federal Court has ordered La Trobe Financial Asset Management to pay a $750,000 penalty for “false and misleading marketing” of the La Trobe Australian Credit Fund (the Fund).
Nov 26 2021
ASIC has slapped the big four bank with a lawsuit claiming it breached the Credit Act, over referrals through its home loan “introducer program” and from unlicensed individuals.
Nov 26 2021
A Reserve Bank of New Zealand-ordered report into Westpac’s local arm has flagged shortcomings in its board’s risk oversight.
Nov 25 2021
The ACCC has decided the $1.2 billion purchase of Citigroup’s Australian consumer business will not dampen competition among local banks.
Nov 25 2021
The customer-owned financial institution has become the third of its kind to be named an accredited data recipient.
Nov 24 2021
The Reserve Bank of New Zealand has sought feedback on debt serviceability restrictions for mortgage lending, preparing to deploy them if needed.
Nov 24 2021
An analysis has found Australian house prices have grown at the third-highest rate since 1880, as big four economists have tipped they will hit their peak next year.
Nov 22 2021
A new supplement designed to raise awareness and action over technology-facilitated financial abuse has been released by the government agency.
Nov 22 2021
The government has invited the public to weigh in on the impacts of a 24 per cent fall in regional bank branches over the last four years.
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