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Commonwealth Bank of Australia has released Promontory Australasia's first independent report into the progress of its remedial action plan. read more

In a further reaction to the royal commission, the Australian Banking Association has changed its Banking Code of Practice to ensure a customer's estate is treated more responsively; the ABA will also.. read more

CBA is the latest major player pushed to announce further remediation measures, at a cost of at least A$45 million each year in fees foregone. read more

The long-running reliance by Australia's banks on cross-selling to boost revenue may well be a flawed strategy, according to 'share of wallet' data. read more

Volt Bank, a fintech start-up that was granted a restricted banking licence in May, will need to have raised A$1.5 billion capital in eight years to become fully operational. It is confident it will g.. read more

Following a frenetic first half of the year, Q3 saw subdued M&A activity as growing geopolitical tensions, trade wars and protectionism dampened spirits and caused corporates to pause over the Nor.. read more

After six years of planning and development Australia's New Payments Platform has just reached 2 million PayID registrations, and climbing. read more

After closing up to 60 bank branches in the past 18 months, NAB has agreed to keep its branches open in drought-affected regions, while CBA will take the drought into account in its review of branches.. read more

The Australian Competition and Consumer Commission has been asked by Treasurer Frydenberg to "put under a microscope" the estimated A$2 billion in fees for foreign currency transactions charged to deb.. read more

In his interim report, royal commissioner Kenneth Hayne attributed much of the systemic wrongdoing uncovered in the hearings to date as a combination of greed and ineffective application of existing r.. read more