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Mortgage experts are warning that a special offer by UBank to waive lenders mortgage insurance for home borrowers with small deposits could result in higher home loan repayments. read more

Westpac faces another drawn out court battle after ASIC filed allegations of insider trading and unconscionable conduct over a bumper interest rate swap mandate the bank executed in 2016 for a consort.. read more

Perhaps the most damning allegations contained in ASIC’s civil action against Westpac are those relating to how the bank treated its corporate client, the investment consortium that acquired control o.. read more

Commonwealth Bank is ramping its presence in the health payments market after acquiring online healthcare marketplace, Whitecoat. read more

AUSTRAC has put the customer owned banking sector on notice after directing the 56,000-member Australian Military Bank to remediate its anti-money laundering systems. read more

Westpac has tightened lending standards for borrowers in the oil and gas sector as part of its commitment to lowering greenhouse emissions. read more

Westpac last night moved to reclaim margin in its mortgage lending business through price hikes on fixed rate home loans. read more

Bank of China’s Australian retail arm defied the industry-wide profit slide last year as it continued to build a presence in the local mortgage market. read more

Nimble has taken another step to overhauling its lending business after launching a virtual Mastercard that gives cardholders access to fixed credit of up to $10,000. read more

As local banks such as ANZ and NAB lightened their exposures to domestic coal projects, a raft of China’s biggest banks kept coal miners in business with billions worth of loans. read more