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The forecast for the net earned premium of mortgage insurer Genworth has been cut by A$40 million, and may be between 17 per cent and 19 per cent lower over the full year to December 2017. read more

The Australian Law Reform Commission will inquire into "class action proceedings and third-party litigation funders" the attorney-general, George Brandis, said on Friday. read more

Niche players in the payments supply chain, EFTEX and Payment Express, have joined the eftpos membership as acquirers. Both new members also intend to use the eftpos payments hub to expand their busin.. read more

Justice Beach in the Federal Court voiced empathy for Westpac's arguments against ASIC allegations of misconduct in the bank bill market. "To the extent that you are saying these are legitimate tradin.. read more

Bitcoin is now sizing up to be what could be the biggest market bubble of all time, according to CNBC, and others. read more

ASIC has confirmed that Westpac will provide refunds or allow interest rate discounts, or both, to owner-occupiers who have interest-only home loans with the bank. read more

There are "a number of very good, legitimate commercial purposes" for allegedly dubious trading by Westpac rates traders on a string of dates around six years ago, the bank has told the Federal Court. read more

Online mortgage player, HashChing, has hired solutions architect and engineering expert Vajira Amarasekera as its next chief technology officer read more

The US Federal Reserve has raised short term interest rates for a third time this year. read more

The judge hearing ASIC's claims of misconduct by Westpac in the bank bill market six years ago has voiced frustration at an apparent void in the prosecution's case. read more