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Australia and New Zealand Banking Group launched and priced a new A$3.25 billion senior unsecured transaction yesterday, consisting of two tranches of floating rate notes. read more

"So far as I know, nobody has yet established that there has been any manipulation of interest rates in Australia," NAB chair Ken Henry said - the biggest clanger yet at hearings of the banking royal.. read more

Candour on NAB's difficulties during and following the global financial crisis got an unexpected airing at yesterday's hearings of the banking royal commission in Melbourne. read more

"I'm not blaming shareholders", Andrew Thorburn, managing director of National Australia Bank told the banking royal commission yesterday, but then went on to lecture them anyway. read more

ANZ New Zealand has compensated around 86 per cent of the 100,000 mortgage customers affected by a faulty loan calculator it used for around a year from March 2015. read more

Fitch Ratings said it expects "strong macroeconomic fundamentals including low unemployment, steady economic growth and population growth" to continue in Australia and New Zealand. read more

Lexi Airey will take over the reins of NSW-based mutual, Gateway Bank, from next April. read more

Online payment fraud losses from eCommerce, airline ticketing, money transfer and banking services will reach US$48 billion by 2023. read more

The internal audit function of Commonwealth Bank nailed the group's core deficiencies many times, but "there was not enough sense of urgency, and only fix things where they become mandatory compliance.. read more

Mortgage brokers will be bracing for the elimination of trail commissions and even up front commissions, if the financial services royal commission's questioning of CBA CEO Matt Comyn is any guide. read more