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ASIC will not take its pursuit of Westpac over the bank’s alleged responsible lending failures any further, announcing yesterday it will not seek special leave to appeal to the High Court over the mat.. read more

The Xinja Bank doubters will believe when they see it, but the mooted capital injection from a Dubai money manager looks to be on the way, even if delayed many months. read more

The Reserve Bank of New Zealand has released the results of an ‘out of cycle’ survey of credit conditions it conducted in June to see what impact the Covid-19 crisis is having on credit supply and dem.. read more

Australian-based payday lender Quadsaa Pty Limited (trading as Pretty Penny and PPL) has agreed to quit trading in New Zealand and write off all outstanding loan balances there, after reaching a settl.. read more

Jason Murray has moved from NAB Private to take up the position of chief financial officer at Flexigroup. read more

SME guarantee schemeDefence Bank said it recorded “its biggest loan funding year yet”. read more

The Australian Retail Credit Association has appointed Peter Wilson as an independent director and chair. read more

Christine Christian will leave the board of ME Bank, “due to a potential conflict of interest.” read more

A former trade union heavyweight is the new chair of Police Bank. read more

  Lyn Cobley, chief executive of Westpac Institutional Bank is retiring from the bank after a 32 year career in the industry. read more