Non-bank lenders soak up investment and interest-only demand 28 June 2018 4:53PM Moody's Investors Service says the rapid growth seen by Australian non-bank lenders, in part reflecting their push into housing investment and interest-only mortgages, is positive for the quality of t.. read more
CommBank hit again by another regulator 22 June 2018 4:42PM Commonwealth Bank has reached a settlement with ASIC over alleged acts of fixing bank bill swap rates, drawing yet another line under yet another potentially damaging legal battle with yet another reg.. read more
CBA pays $700m to shut down money laundering case 21 June 2018 5:02PM The case brought by the Australian Transaction Reports and Analysis Centre against the Commonwealth Bank of Australia had its final day in Federal Court yesterday, after CBA agreed to a $700 million f.. read more
JP Morgan's Priestley leaves ASX board over cartel 20 June 2018 4:41PM The repercussions of the ACCC's allegations against ANZ, Citi and Deutsche Bank and six senior executives continued yesterday with the announcement that JP Morgan's chairman has resigned from the ASX.. read more
Moody's see the positive sides of the banking royal commission 15 June 2018 4:50PM The royal commission into misconduct in the banking, superannuation and financial services industry currently under way in Australia carries with it a mixed bag of effects, according to Moody's Invest.. read more
Instos want to finance long term APAC assets 15 June 2018 4:48PM Another profitable piece of corporate banking business is under direct fire from outside the industry: institutional investors are keen to play a greater role in financing Asia-Pacific infrastructure... read more
Bananacoast Credit Union fined over loan advertisements 14 June 2018 4:56PM The Bananacoast Community Credit Union has been fined a total of A$50,400 for potentially misleading advertising in 2017 and has agreed to provide remediation totalling almost $91,600 to affected cons.. read more
Listed fintech Novatti Group on M&A trail 14 June 2018 4:55PM ASX-listed financial transactions processor and technology developer, Novatti Group Limited, signed a binding agreement to acquire all the issued share capital of Vasco Pay Pty Ltd, a pre-paid Visa ca.. read more
ASIC's new look BBSW regime 13 June 2018 4:51PM With the case against Westpac over manipulation of the bank bill swap rate now resolved - albeit with a number of fuzzy outcomes for both sides - ASIC has published its new financial benchmarks rules.. read more
Metro Finance boosts its capacity for leasing 08 June 2018 4:30PM Another non-bank finance outfit, Metro Finance, targetting the mid-market business clients of the major banks, is starting to amp up its operations. Moody's Investors Service has assigned provisiona.. read more