59

Struggling fintech Xinja Bank has been forced to delay the launch of its US share trading service because it has not yet secured approval from the prudential regulator, APRA. read more

Listed non-bank lender Resimac has tightened its loan assessment requirements for Victorian borrowers as a result of the economic havoc caused by COVID-19. read more

The prospects of real wage growth for thousands of workers in the financial services sector are waning after Commonwealth Bank stumped up a low-ball pay offer in its current round of enterprise bargai.. read more

Australia’s second largest credit union, People’s Choice CU, has defied the earnings slide across the banking sector after posting another year of above-system growth in home lending. read more

ASIC has scored a major legal win after the Federal Court ordered two NAB-owned subsidiaries to pay record civil fines worth $57.5 million for misleading conduct relating to the Fee For No Service sca.. read more

Commonwealth Bank is in advanced negotiations with Armaguard to sell a large chunk of its automated teller network. read more

The ugly escalation of diplomatic tensions between China and Australia has rattled the local business community, including directors and senior executives of the four major banks. read more

Westpac customers endured one of the industry’s most protracted system outages in 2020 after an attempt to upgrade internet and mobile platforms turned haywire on Monday morning. read more

Standard & Poor’s has lowered the credit ratings of the embattled AMP group of companies, including its banking arm. read more

Strife-torn wealth management group AMP Limited is considering a break-up of its operations as it scrambles to restore investor confidence. read more