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Peer-to-peer lenders, claimed by their proponents to create agile businesses, carry their own set of financial and operational risks, an industry exec explains. read more

ING in Australia has reported a statutory after-tax net profit of A$295 million for 2016, which equates to underlying earnings growing ten per cent over the previous year. read more

The Federal Court in Sydney has allowed Gloucester Shire Council's lawyers a chance to file an amended statement of claim against Fitch Ratings which will include further information on losses from sy.. read more

NAB is to become the first of the Big Four banks to change its home loan interest rates in the current cycle. read more

ASIC has accepted enforceable undertakings from Westpac and ANZ in relation to conduct within these banks' wholesale foreign exchange businesses. read more

South African based regtech platform provider e4 has set up shop in Australia, targeting large mortgage brokers and mid-tier banks with its digital verification of identity services. read more

Australia's largest credit union, Credit Union Australia, has reported a half-year group net profit after tax of A$31.1 million, up 10.9 per cent on its previous first-half result. read more

Australia's largest credit unions are looking to identify areas where they can cooperate to cut costs and add efficiency to their operations. Improved margins make them more competitive. read more

ANZ has announced that all customers who use its ANZ Share Investing service (formally known as eTrade) will be shifted to CMC Markets. read more

Chifley Securities - which has a focus on lending to property developers - said it has lifted its lending for the mutual sector by 140 per cent. read more