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ASIC has moved to formally ban flex commissions paid by lenders to finance brokers, typically car dealers, for loans where the broker can set the interest rate. read more

A copycat bank levy, styled on that proposed in South Australia, remains a live option for the government of Western Australia. read more

Non-bank finance group Chifley Securities is launching a new lending division targeting brokers and their clients. read more

ANZ has appointed its first chief design officer, Opher Yom-Tov, tasked with building the bank's "human-centred design capability". read more

New York federal Judge Lorna Schofield has given preliminary approval to proposed settlements totalling US$111.2 million between five more banks and investors in a wide-ranging suit accusing 16 of the.. read more

The drawn out reset of monetary policy in Australia has reached a threshold that suits one monitor, the Reserve Bank of Australia. read more

Individual banks are "more likely to focus on their own risks, rather than the risks to the system as a whole," Reserve Bank of Australia governor Philip Lowe said last night. Lowe was talking lending.. read more

ANZ said it introduced Voice ID technology on mobile banking, allowing customers to make quick 'pay anyone' payments of more than A$1000 on their mobiles. read more

An impairment of NZ$90 million on an overhaul of the bank's core banking platform has drained the profit of Kiwibank over the year to June 2017. Rumours of difficulty with this project - to replace an.. read more

Rob Whitfield, the former head of Westpac Institutional Bank, will be a nominee for the board of Commonwealth Bank, the Financial Review reports.CBA will also tell investors that three directors will.. read more