Foreign news: Timmermans takes fall for ING

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

RBA sees little risk in interest-only expiries

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

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

NZ First keeps pressure on Kiwi subsidiaries

Politicking over the Big Four's New Zealand subsidiaries continues, with Regional Economic Development Minister Shane Jones lobbying for regulations to force the banks to keep open branches in regiona.. read more