21

ASIC cancelled or suspended 24 Australian credit licences in the six months to Jun 30 because the licensees failed to be members of the Australian Financial Complaints Authority. read more

MyState Ltd chief executive Melos Sulicich has retired – for the second time. read more

The big four banks plus AMP and Macquarie Group have paid a total of $1.86 billion of compensation to 10,894 customers for fees for no service up to June 30. read more

Former infrastructure industry CEO Christine O’Reilly will join the ANZ board as a non-executive director in November, her fourth board role at an ASX listed company - all top 100. read more

Westpac has completed the sale of its vendor finance business to Angle Finance, which is part of private equity firm Cerberus Capital Management. read more

The economic rebound in New Zealand has seen Fitch revise the ratings of two locally-owned banks. read more

The Australian Financial Complaints Authority has recruited three new ombudsmen from the banking and insurance sectors, and promoted three others internally, as it starts another busy year. read more

Receivables management “solutions provider” Credit Clear has promoted its group general manager strategy and technology, David Hentschke, to the role of chief executive. read more

Former managing director of Bermuda Commercial Bank and chair of the Bermuda Stock Exchange, Audette Exel, has joined the Westpac board as an independent non-executive director. read more

Scores of fire and general insurers operating in New Zealand have been found deficient and some ordered to start customer remediation after an FMA report found widespread conduct and culture issues. read more