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The AMP group, which became one of the major targets of the Hayne royal commission, is likely to take a further hit, after ratings agency Moody's downgraded the insurance financial strength rating of.. read more

Maurice Blackburn Lawyers has launched the first class action since the publication of the Hayne royal commission report, filing a case against Westpac over alleged breaches of responsible lending law.. read more

NZ-owned Kiwibank has shaken off the effects of its ill-fated technology upgrade project, delivering a net profit after tax of NZ$62 million for the six months ended 31 December 2018. read more

Data asset executives say an appreciation of the value of data as an essential element in maintaining customers' trust is radiating across all levels of financial services firms, with Suncorp adding d.. read more

S&P Global Ratings is more concerned about how changes to bank capital proposed by the RBNZ will affect the Big Four than over any fallout from the royal commission findings. read more

The fallout from the Royal Commission and remediation costs for charging its clients fees for no service have all but wiped out AMP's already-soft profit for the 2018 financial year. read more

NAB is the major victim of Commissioner Hayne's final report, with a dramatic increase in distrust among customers, as evidenced by the rapid erosion of its net trust score, tracked by Roy Morgan. read more

Consumer representatives have walked out of discussions to reform the mortgage broking sector, accusing broker groups of lobbying Canberra in an attempt to derail crucial recommendations from the Roya.. read more

Robin Beauchamp, CEO of Integrated Payment Technologies Limited, is to "step back" to chief technical officer, as the company's shifts focus from product development towards greater income generation. read more

National Australia Bank has reported unaudited cash earnings of A$1.65 billion for the first quarter of FY19, 3 per cent lower than for the comparable quarter in FY18. read more