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Latitude Financial’s ASX-listed scrip sunk to a record intra-day low on Wednesday after the company was unable to quantify how many customers had been affected by the illegal hacking of its data syste.. read more

NAB is facing an overhaul of its senior executive ranks in the next 18 months following the announcement that CFO Gary Lennon will depart the company in October. read more

Embattled lender MoneyMe Limited is in talks to overhaul its funding arrangements ahead of a planned capital raising. read more

Westpac’s longstanding aversion to the Australian remittance sector has been widened to include other licensed cross-border payments providers and start-up banks. read more

A Perth-based businessman who oversaw the transformation of a small Californian community bank into the $220 billion Silicon Valley Bank believes US regulators took too long to reassure depositors at.. read more

An emerging concern flowing from the dramatic collapse of California’s Silicon Valley Bank is the extent to which settlement risks are set to impact ecommerce transactions involving Australian-based m.. read more

Non-bank lenders have taken big hits to their bottom lines in the last year as ballooning funding costs and intense competition from the major banks have crunched their loan volumes. read more

ASX-listed bank stocks rallied in afternoon trading on Tuesday after the Reserve Bank signalled it would further tighten monetary policy to counter the threat of rampant price inflation. read more

Australian Super is struggling to deal with problems flowing from its bungled rollout of new internet and mobile service platforms in November, with members saying they are still unable to submit onli.. read more

Bank regulation experts and economists say it is time for APRA to review the application of its serviceability requirements in the home loan market, arguing that aspects of its existing policy could c.. read more