APRA weakens on church funds

Little scrutinised deposit-taking entities, many of them run by churches, have succeeded in persuading the Australian Prudential Regulation Authority to soften a proposed clamp down on their se.. read more

iSelect revenue wobbly

iSelect is earning higher margins from the sales leads it produces for banks and utilities, but is making less from health insurance, with this starting just weeks before the end of its financial ye.. read more

Deposit insurance supported by Coalition

A deposit insurance scheme would likely be introduced by a Liberal and National Coalition government along the same lines as that proposed earlier this month by the Labor Government. read more

Insurance for nothing from ASIC

More than 30,000 car owners will have specialised car insurance premiums refunded yet maintain their insurance cover after the Australian Securities and Investments Commission forced 15 car finance.. read more

Bank customers take their time

People looking for banking products typically take more than a month to consider their options, and most undertake research online that influences them greatly, a study by Google Australia has found.. read more

Old world banks Moven on

A major international bank will fold through customer atrophy, Alex Sion, managing director of US challenger bank brand Moven, predicted at an industry conference yesterday. read more

Wide Bay bets on brokers

An A$1.46 million "accounting error" relating to loans to borrowers in hardship blotted the profits of building society Wide Bay Australia. read more

…and on Goldfields Money

A dependence on mortgage brokers to push product and meet ambitious growth targets affected the profit of Goldfields Money over the year to June 2013. Goldfields reported a net profit of A$197,000 f.. read more