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Members Equity Bank chief executive Jamie McPhee says he is encouraged by the draft findings of the Productivity Commission's inquiry into financial services, saying they address the most compelling c.. read more

Australia's payments industry has responded swiftly to a call from the RBA's Payments System Board to address the rising cost of card-not-present fraud in e-commerce. read more

Commonwealth Bank's alleged rate manipulation of bank bill swap rates in 2012 could have delivered a revenue windfall running into at least the tens of millions of dollars, based on modelling submitte.. read more

One of National Australia Bank's longest-serving executives, Steve Lambert, has resigned after failing to meet standards of behaviour expected by his employer. read more

Commonwealth Bank's pilot of the "Beem" mobile payments service is facing a potentially serious challenge to its business case after it emerged that another digital payments company has been piloting.. read more

The foundation partners of the Beem real time payments service will try to persuade ANZ to join at a special meeting in Sydney next week. read more

The Australian Securities and Investments Commission has identified the key players at CBA who allegedly engaged in unconscionable trading practices aimed at rigging rates in the bank bill swap(BBSW).. read more

Productivity Commission chair Peter Harris yesterday refloated some of the draft findings of his organisation's inquiry into competition in the financial services sector, saying banks had done little.. read more

Listed non-bank lender Homeloans Ltd has reported a sharp rise in interim earnings on the back of continued growth in its mortgage operations. read more

The recent spike in US bond yields is starting to ripple through the Australian mortgage market, with a string of wholesale-funded lenders moving this month to increase fixed rate home loans. read more