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The Australian government has appointed a new independent facilitator to work on improving the access to capital of co-operatives and mutual ADIs. read more

The insurance arm of Commonwealth Bank's wealth management division remains subject to investigation by ASIC, although the regulator found no evidence of undue pressure on doctors to change or alter t.. read more

A decline in advocacy, or the "net promotor score", was the fate of three of Australia's major banks over the last year, a research house has found. read more

Five cross-bench senators plan to bring on a private members' bill to set up "a parliamentary inquiry into the banking and financial services sector." read more

WA-based ADI Goldfields Money is to change its name for the second time in six years. read more

Mutual ADIs are stepping up a campaign to "amend the APRA Act to give the prudential regulator an explicit 'secondary competition objective' and require APRA to report annually against this objective... read more

In another harsh report card for the sector, ASIC has found that more than four in five audits by banks of client's files are "ineffective" or only "partially effective", and banks are slow to notify.. read more

Mobile payments accounted for only around one per cent of point-of-sale transactions in 2016, a survey by Roy Morgan Research for the Reserve Bank of Australia has found. Cash, by contrast, accounted.. read more

Having reneged on a $175 million senior bond yesterday, Kiwibank "has a lot of PR do." Meandering disclosures on a capital adequacy cock-up is a strange start. read more

ATM operator Stargroup still has not come up with the cash to complete a takeover of the ATM switching and processing business of Indue announced in September. read more