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Australia's residential property market is unlikely to drop further - with a few notable exceptions - according to a panel discussion organised by Standard & Poor's in Sydney. read more

ASIC has commenced action against ANZ, alleging it levied fees totalling more than A$50 million on periodic payments made by customers transferring between their own accounts, even though the bank kne.. read more

Non-bank finance company RedZed Lending Solutions Pty Limited has completed its first residential mortgage backed securitisation for 2019. The A$400 million "RedZed Trust Series 2019-1" was RedZed's s.. read more

S&P Global Ratings has lowered its insurer financial strength and issuer credit ratings for the Australasian operations of Genworth Financial Mortgage Insurance, and for QBE Lenders' Mortgage Insu.. read more

Finsia's fifth biannual gender divide survey suggests pay inequality is levelling out but the industry remains a laggard in areas such as equal pay and advancement of women. read more

The Cuscal-backed digital only operation 86 400 has become Australia's newest bank, with APRA granting it a full ADI licence, and affording 86 400 an early advantage over its hopeful, neobank rivals. read more

Over 12 per cent of properties were sold at a loss in the March 2019 quarter, the worst result in six years. read more

When it comes to understanding how to create a positive customer experience, Australia's largest banks are well short of best international practice, according to global consultancy firm Bain and Co. read more

Smaller, less efficient banks will disappear, either through acquisition or through losing their most profitable businesses to emerging fintechs. read more

Smaller banks now have higher NPS scores than prior to the Royal Commission, while the Big Four are still making up lost ground. read more