Brief: Westpac exposed to civil action after commission revelations 13 September 2018 5:34PM After its admission that it breached responsible lending laws Westpac should now be preparing for possible civil action by its customers, funders and investors, says a leading plaintiff lawyer. read more
Briefs: CBA and ANZ sued in email scam case 12 September 2018 4:57PM Property developer Bensons Property Group is suing the CBA and ANZ to recover nearly A$1 million it lost in an email scam. read more
Foreign news: Timmermans takes fall for ING 12 September 2018 4:55PM The chief financial officer of ING Group has resigned in the wake of the US$900 million settlement paid by the Dutch bank last week as a result of its failure to adequately implement anti-money launde.. read more
AD: Improving Company Operation Efficiency with DevOps - Lessons from SEEK 12 September 2018 7:28AM Ahead of the 2nd Annual DevOps Summit 2018, we caught up with Andrew Hatch, Platform Engineering Manager at SEEK. Andrew explores how SEEK implemented DevOps to improve operational efficiency.. read more
RBA sees little risk in interest-only expiries 11 September 2018 4:28PM The Reserve Bank has scoffed at widely aired theories that "the expiry of interest-only loan terms will result in financial stress" as households refinance into principal-and-interest loans that requi.. read more
Conflicts and life commissions interest Hayne 11 September 2018 4:26PM Insurers, including bank-owned life insurers, paid more than A$6 billion in commissions to financial advisers in connection with the sale of life cover issued by these insurers over five years, the fi.. read more
Briefs: Payments NZ to trial tech, RBNZ review details released, Fintech CEOs doing fine 11 September 2018 4:23PM ASB, Westpac and BNZ in New Zealand are preparing to trial technology to prevent payment mishaps and fraud. read more
NZ loners face mortgage stress 10 September 2018 3:53PM New Zealand "suffers from over-exuberant house prices," Adrian Orr, RBNZ governor, told a finance conference on Friday. read more
Briefs: Goldfields merger gets go-ahead, Prospa bends to ASIC 10 September 2018 3:51PM Goldfields Money shareholders on Friday voted to approve the merger between leading mortgage aggregator Finsure and the WA regional bank. read more
Briefs: Whiteing lands on feet at StanChart, FMA losing patience over C-suite pay and tacky culture 07 September 2018 5:18PM Former CBA chief operating officer David Whiteing, who left the bank in a management reshuffle earlier this year, has been named by Standard Chartered as its next COO. read more