113

Trail commissions "should be banned" but upfront commissions will survive, and these reforms "must be implemented by all lenders without further delay," an aggravated Productivity Commission demands. read more

Obliged by convention to spruik a defiantly reformist report on the finance industry from the Productivity Commission at a business lunch today, treasurer Scott Morrison ignored the most compelling.. read more

ING Bank (Australia) Ltd - trading as ING Direct - has set up its first mortgage covered bond facility, giving it the capacity to raise up to A$1 billion in its first transaction. Comments from analys.. read more

Customers are not being supplied with the right information to make choices about switching banks, the Productivity Commission's final report into competition in the Australian financial system conclu.. read more

A small union victory over underpayment of wages by an FX dealer with 100 staff may widen, with the Federal Court asked to prevent employers avoiding the higher rates of pay under the Banking, Finance.. read more

There's good news for journalists and not so good news for the public's right to read the contents of ASIC registers. read more

AMP Bank may be one of the few remaining pillars of its owner, AMP Limited, with the forthcoming interim result likely to show the division's profit accounting for up to 30 per cent of profit. read more

Goldfields Money, Australia's newest bank, is taking its time in progressing a planned merger with the mortgage aggregator Finsure, pushing back the target date to the end of September. read more

Distrust in banking and finance is as ripe as ever, and even getting worse, a couple of fresh pieces of consumer research this week suggest. read more

Productivity might be getting a kick along around the finance sector, and it needs to, with the average income per employed person in finance soaring by 7.7 per cent over the 2017 financial year. read more