Banks trade wallet share, SME customers 11 July 2024 6:35AM Westpac has reversed long term customer churn among larger sized businesses. read more
Firstmac failed design and distribution rules 11 July 2024 6:22AM 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
AUSTRAC schemes to take the profit out of crime 10 July 2024 5:58AM Banks continue to be a reliable and efficient way to launder money and facilitate “virtually all serious crime”. read more
Citi testing reverse mortgage backed deal 10 July 2024 12:20AM Australian non-bank lender Household Capital Pty Ltd has mandated Citi to market a potential AUD-denominated reverse mortgage securitisation deal. read more
Final hurdle cleared for ANZ-Suncorp deal 10 July 2024 12:02AM 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 04 July 2024 8:55AM 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 03 July 2024 6:47AM 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 03 July 2024 6:43AM 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 02 July 2024 5:58AM 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 23 November 2023 5:46AM 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