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Latitude Financial Services has given us a reminder of why so many consumers have stopped using credit cards. read more

Thorn announced yesterday that it has reached agreement on a restructure of its warehouse facility with the funders and will start using the facility again to support business finance originations. read more

Westpac has completed the sale of Westpac Life Insurance Services Ltd to TAL Dai-Ichi Life Australia.  read more

Antony Shaw has been appointed chief executive of HSBC Bank Australia. read more

Volt Bank has completed the return of deposits to customers following its decision to stop offering banking services and hand back its ADI licence. read more

Heritage Bank has moved to improve its data security, appointing Mikhail Lopushanski as its chief information security officer. read more

The voluntary administrators running failed debt buyer Collection House have called for proposals for the purchase or recapitalisation of the business by July 22. read more

The Australian Retail Credit Association has appointed Elsa Markula as its new chief executive, replacing the retiring Mike Laing. read more

Former Bank of Queensland chief executive Stuart Grimshaw has joined the board of finance company humm, which is being completely overhauled following the departure of most of the directors. read more

Commonwealth Bank has increased fixed home loan rates for terms from one to five years by 140 basis points. read more