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Westpac has cut the rate on its market leading bonus saver account, Life, by a massive 50 basis points to 2.5 per cent. read more

Former ASIC chair Greg Medcraft has joined the board of Australian Finance Group as a non-executive director. read more

Latitude Group has completed the bookbuild for its hybrid issue, Latitude Capital Notes, allocating A$150 million in firm commitments to syndicate brokers and institutional investors – up from $125 mi.. read more

Westpac has completed the sale of its lenders mortgage insurance business to Arch Capital Group. read more

Locally-owned New Zealand bank TSB Bank Ltd has been fined NZ$3.5 million by the High Court in Wellington for breaches of anti-money laundering legislation. read more

Suncorp has launched an issue of hybrid securities, Suncorp Capital Notes 4, seeking $350 million of additional tier 1 capital. read more

Westpac reported that it has brought 1075 customer service roles back to Australia since July last year. read more

The Federal Court has ordered Westpac subsidiaries, Westpac Securities and BT Funds Management, to pay a combined penalty of A$10.5 million for failing to act in their clients’ best interests. read more

ANZ has found a permanent replacement for Michelle Jablko, who resigned from her role as chief financial officer in December and left the bank in March. read more

Further reforms to the operation and powers of New Zealand’s banking regulator are locked in, with the passing yesterday of The Reserve Bank of New Zealand Bill. read more