Firstmac failed design and distribution rules

The Federal Court has found Firstmac Limited breached provisions by failing to take reasonable steps that would have resulted in one of its investment products being consistent with its target market.. read more

Final hurdle cleared for ANZ-Suncorp deal

ANZ has welcomed the proclamation of the Queensland State Financial Institutions and Metway Merger Amendment Act. This was the final box to be ticked for ANZ’s acquisition of Suncorp Bank to proceed t.. read more

Mixed messages on Consumer Data Right

Data wrangling companies have come out in favour of a larger remit for the Consumer Data Right while banking services providers have argued it's cost too much for minimal results. read more

Revolut reports big year for 2023

Increasingly diversified money transfer, foreign exchange and credit product provider Revolut has expanded operations into new business areas, territories and product lines in the past year. read more

ANZ sanctioned over deceased estate fees: BCCC

The Banking Code Compliance Committee has sanctioned ANZ for not stopping or refunding fees for deceased estates, and for not responding to representatives of deceased estates within the required time.. read more

History sour on ANZ value in Suncorp Bank

The ANZ PR machine has forceful, via Bluenotes and national media, over the value the bank plans to deliver following the long-expected final approval – from the Treasurer, on Friday – for ANZ’s takeo.. read more

Car loans set to lead ABS market

Issuance of securitisation deals backed by car loans is set to evolve further, with investors likely to see more frequent – and larger – transactions on offer.  read more