Harvey Norman revives consumer lending 19 September 2017 3:48PM Harvey Norman is reviewing its financial services strategy ahead of Amazon's launch in Australia amid concern the local retail chain's consumer finance products may not stack up against payments optio.. read more
Rate City takes shot at Canstar model 13 September 2017 3:22PM Financial products comparison site Rate City has launched a real time ratings system on its website, promising to automatically update product rankings as rates and fees are announced by lenders. read more
CBA shaves fixed rate mortgages again 13 September 2017 3:18PM Commonwealth Bank is continuing to recalibrate its pricing strategy in the residential lending market, after announcing further cuts of up to 20 basis points on fixed-rate owner-occupier and investmen.. read more
Austrac to pull the plug on authorised auditors 12 September 2017 4:02PM All anti-money laundering consultants listed by Austrac might soon have their authorisations revoked once a review is completed before the end of the year.It's a compliance headache for banks, credit.. read more
Hong Kong probe into CBA an HSBC headache 06 September 2017 3:44PM The money laundering compliance saga at Commonwealth Bank of Australia is poised to induce an unwanted headache for one of the world's largest financial institutions.HSBC, a pillar of Hong Kong's vigo.. read more
CBA faces early provision on Austrac claim 05 September 2017 3:41PM Another A$2 billion was wiped yesterday from the market worth of Commonwealth Bank as investors reacted to a directions hearing in the Federal Court on Austrac's civil claim and news of a clean-out of.. read more
AML Asian fallout draws in all major banks 05 September 2017 3:39PM A leading anti-money laundering expert expects Asian regulators and law enforcement agencies to audit the anti-money laundering records of other Australian banks in light of CBA's failures. read more
Brokers sail clear of commission fire 30 August 2017 3:43PM ASIC's consultation process for overhauling remuneration models in the mortgage broking industry has entered its final stages, with the regulator expected to recommend bans on all volume-based payment.. read more
Profits OK, equities asunder in Australian banking 30 August 2017 3:41PM The net profit after tax for all banks in Australia was A$34.2 billion for the year ending June 2017, an increase of $6.5 billion (or 24 per cent) on 2016, the banking regulator APRA divulged yesterda.. read more
CBA yields to APRA oddbods 29 August 2017 4:07PM There is no word from APRA on how many experts will be appointed to the independent prudential panel set to tie up Commonwealth Bank's management and board with a "broad" inquiry into culture and cond.. read more