National Australia Bank's UBank division has close to A$20 billion in deposits, the Financial Review reports. Crumbs of data on UBank, once common in NAB's financial reporting, was absent from its investor pack at the half March 2017 year result. Data on this was  last spotted in an investor presentation slide for NAB's first half 2015 results. That showed UBank deposits levels were then trending decidedly downwards, from a peak of $18.1 billion in March 2014 to $16.8 billion a year later. A former mobile mortgage manager with Bank of New Zealand is one of two people, a couple, allegedly involved in committing at least NZ$50 million worth of mortgage fraud, interest.co.nz reports. The Serious Fraud Office accused property developer Kang (Thomas) Huang and Yan (Jenny) Zhang of being involved in a ring that fraudulently obtained money to buy 76 properties around Auckland and Hamilton. Huang worked for Westpac and then ANZ before joining BNZ. Yet another public sector inquiry, this time into "insurance premiums in Northern Australia" will rope in a few banks. It's a political response to a yet to be proven market failure tied to the escalation in insurance premiums in the district following tropical cyclone Debbie, which made landfall in late March this year. The ACCC inquiry will monitor and report on prices, costs and profits in the insurance market for home, contents and strata insurance in northern Australia, with a particular focus on the impact of natural catastrophe risk on the insurance market in northern Australia.