CBA pulls another wealth management plug 18 April 2018 4:58PM The great unwind of Commonwealth Bank's calamitous wealth management empire is set to accelerate this year with the offload of the group's global asset management division. read more
BoQ share price takes a hit on 8 per cent interim profit rise 18 April 2018 4:52PM Bank of Queensland yesterday joined the industry-wide exodus from wealth management activities, after sealing a A$65 million deal to sell its life insurance arm to Freedom Insurance Group. read more
Big Sky faces rebrand as loans and deposits slide 17 April 2018 5:07PM Australian Unity is reviewing the market position of its under-performing banking arm - Big Sky Building Society - after a steady outflow of retail deposits last year. read more
Goldfields set to issue formal merger documents to shareholders 17 April 2018 5:02PM Directors of local takeover target Goldfields Money seem poised to advance the A$97 million planned merger with loan broking aggregator Finsure Finance & Insurance Pty Ltd. read more
Social responsibility powers Bank Australia's growth trajectory 12 April 2018 5:20PM Linking its banking services to environmental and social responsibility has attracted business from non-retail customers and lifted Bank Australia's interim profit by 28 per cent in a low interest rat.. read more
AFG reports further slowdown in mortgage volume 12 April 2018 5:16PM One of the country's leading mortgage industry indicators shows that demand for home loans slid further in the March quarter across all states and territories except for Victoria. read more
Clouds over CBA's Chinese bank exit strategy 11 April 2018 4:48PM CBA's valuation of its minority holding in a Shanghai-listed bank is at odds with the market value of that bank's share price shares, which have been on a sustained slide for a year. read more
AMP, major banks to ready for Hayne royal commission 11 April 2018 4:46PM The show-stopping evidence aired in the first round of hearings at the Hayne Royal Commission could be outdone next week when the spotlight is turned on to the misconduct of financial advisers employe.. read more
NAB shuts down mortgage arms as revenue soars on white label loans 10 April 2018 4:17PM While National Australia Bank's controversial dealings with introducers have plunged the bank into another governance scandal, the group's wholesale mortgage business has emerged as one of the fastest.. read more
Greens pitch a low-cost "People's Bank" for homeowners 05 April 2018 5:38PM An old chapter was re-opened yesterday in the real-life saga of Australian banking, with the Greens refreshing the business case for a state-owned retail bank to market cheap loans to first homebuyers.. read more