Australia Ratings shifts AMP further into the red zone 18 May 2018 4:41PM Independent local ratings agency, Australia Ratings has lowered the ratings it assigned to the AMP Subordinated Notes 2 and the AMP Capital Notes by two notches. read more
Thorn, Radio Rentals fined $2.2m for Credit Act breaches 17 May 2018 4:17PM Thorn Australia's Radio Rentals has been found guilty of contravening its responsible lending obligations by the Federal Court of Australia and was ordered to pay penalties and ASIC's court costs. read more
Fintechs push away from digital banks 17 May 2018 4:14PM A fintech discussion panel, presented as part of the CeBIT technology trade fair, was at pains to differentiate neobanks from digital versions of traditional banks. read more
Big banks set rules for start-up collaborators 17 May 2018 4:12PM Major banks need to lock in the most promising fintech ventures to come their way, although in advising hopeful start-ups to meet them partway both sides risk cultural mismatch, according to panellist.. read more
Incidence of personal insolvencies remains static 16 May 2018 4:41PM Despite a spike in bankruptcies in both NSW and post-mining boom WA, nationally the number of personal insolvencies over the March quarter showed little movement. read more
Open Banking promised implementation funding 11 May 2018 5:19PM In the aftermath of the 2018 Federal Budget, in which Treasurer Scott Morrison raised the prospect of the Australian government pushing forward with an Open Banking regime, one of the architects of th.. read more
AMP's royal commission woes hit home at AGM 11 May 2018 4:38PM The apology laden atmosphere in the wake of the damaging admission forced from AMP executives at the Hayne royal commission pervaded AMP's annual general meeting yesterday. read more
Big Four banks ahead in funding for 2018 11 May 2018 4:37PM Australia's major banks are well set in the march towards meeting their respective annual funding tasks, according to analysis from NAB. read more
CBA 3Q17 discloses declining profits, compliance hits 10 May 2018 5:07PM The Commonwealth Bank's unaudited third quarter trading update - that is, for the quarter ended 31 March 2018 - disclosed a statutory net profit of approximately $2.30 billion, down from $2.4 billion.. read more
Mortgage disruptor Joust seeks a larger arena 09 May 2018 4:38PM Joust, a start-up platform aimed at bypassing the complexity of the home loan market by directly matching potential borrowers with mortgage providers, is to seek equity funding via the crowdfunding pl.. read more