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Comparison site Mozo has asserted that "thousands of Australian mortgage holders are likely 'trapped' with their current lender" due to the introduction of tighter lending restrictions rendering them.. read more

Switzerland-based UBS Group has released its second quarter 2018 results, disclosing an adjusted operating profit before tax of CHF 1.8 billion and reported PBT of CHF 1.679 billion, largely due to CH.. read more

Personal insolvencies are heading steadily upwards, reaching levels not seen since the depths of the financial crisis a decade ago.  Statistics for the 2017/18 financial year, released by the.. read more

The unrelenting mea culpa disclosures emerging from the Hayne Royal Commission hearings are among the factors behind negative revisions to S&P's risk rating outlooks for Australia's systemicall.. read more

Bankwest has announced the closure of more than two-thirds of its east coast network in a move the Finance Sector Union described as a major shock to the bank's employees. In a statement detailing.. read more

Fitch Ratings has affirmed its ratings for Macquarie Group's holding company and the main operating subsidiaries, reflecting a diverse business mix, specialised operations outside Australia and more.. read more

ASIC has accepted a variation to an enforceable undertaking provided by National Australia Bank in 2016 relating to its wholesale spot foreign exchange business, after an independent expert's report i.. read more

After ANZ's marathon testimony, the royal commission into banking misconduct yesterday turned its attention to the actions of Rabobank Australia, part of a specialist global agribusiness group. read more

Australian listed financial technology and payments specialist Novatti is set to join a lengthening queue of digital banking players. read more

The reputational fallout from AMP's financial planning division continues to spread across the wealth management giant, with AMP's income protection insurance the next financial service to be put unde.. read more