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Westpac chief executive Brian Hartzer, appearing in front of the House of Representatives economics committee for the first time since the banking royal commission began, was forced to take a more con.. read more

Newcastle Permanent's annual result of A$43.8 million net profit after tax (as at 30 June 2018) was up 12.4 per cent on the prior year, courtesy of some of the best customer metrics in the retail bank.. read more

Commonwealth Bank of Australia has released Promontory Australasia's first independent report into the progress of its remedial action plan. read more

In a further reaction to the royal commission, the Australian Banking Association has changed its Banking Code of Practice to ensure a customer's estate is treated more responsively; the ABA will also.. read more

CBA is the latest major player pushed to announce further remediation measures, at a cost of at least A$45 million each year in fees foregone. read more

The long-running reliance by Australia's banks on cross-selling to boost revenue may well be a flawed strategy, according to 'share of wallet' data. read more

Volt Bank, a fintech start-up that was granted a restricted banking licence in May, will need to have raised A$1.5 billion capital in eight years to become fully operational. It is confident it will g.. read more

Following a frenetic first half of the year, Q3 saw subdued M&A activity as growing geopolitical tensions, trade wars and protectionism dampened spirits and caused corporates to pause over the Nor.. read more

After six years of planning and development Australia's New Payments Platform has just reached 2 million PayID registrations, and climbing. read more

After closing up to 60 bank branches in the past 18 months, NAB has agreed to keep its branches open in drought-affected regions, while CBA will take the drought into account in its review of branches.. read more