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Australian borrowers now have access to an online platform, called Loanbid, where lenders bid against each other to win the borrower's loan. The website has clear potential to commoditise another link.. read more

The major Australian banks' ability to withstand a severe downturn in the housing market and household sector, has been strengthened by regulatory intervention to tighten underwriting standards and bo.. read more

A commitment to the Commonwealth Bank's ongoing board renewal process, as outlined at last year's Annual General Meeting, is behind several changes to the bank's board announced yesterday. read more

ASIC has published a draft updated guide to its Oversight of the Australian Financial Complaints Authority for public consultation, although it's a series of tweaks rather than a full-scale revision. read more

Australia's largest credit union, CUA, has increased its investment in innovation and digitisation while declaring a solid first-half financial result for the 2017/18 year. read more

A new non-deposit taking wholesale lender, which will deal exclusively with leading mortgage broking companies on a 'private label' basis, plans to launch later this year under the name Australian Mor.. read more

Following the passage of the Australian Financial Complaints Authority Bill through Federal parliament on 14 February scheme, the Turnbull Government has chosen a Liberal Party stalwart as the inaugur.. read more

APAC investment bank revenues reached their lowest levels in five years in FY 2017, mainly driven by declines in Japan and Asian FICC, with Australasia the best performing regime. read more

ANZ has been ordered to pay a A$5 million penalty after the Federal Court found its former car finance business Esanda failed to take reasonable steps to verify the income of 12 car loan borrowers des.. read more

PayPal seems to be making a play for the fee income from a payments niche once dominated by small remittances providers. read more