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Commonwealth Bank "have not had a thorough enough identification of compliance obligations", David Cohen, the bank's chief risk officer told the financial services royal commission yesterday. read more

Defects in credit management skills at Bankwest prior to its 2008 takeover by Commonwealth Bank fell under scrutiny at the financial services royal commission yesterday. read more

Commonwealth Bank set out to reduce the commercial property exposure of its Bankwest arm by around one tenth in 2009, but the bank wasn't seeking any early exit early from loans that were not in defau.. read more

There's a "trade-off between flexibility and fairness" around the "all monies" rule in banking, the Hayne royal commission heard on Friday. read more

National Australia Bank is undertaking to compensate customers who suffered financial losses during a Saturday outage that affected mobile banking, ATMs and eftpos services. read more

Westpac has been found in breach of its obligations under its financial services licence and also held to have engaged in unconscionable conduct in the bank bill market, the Federal Court of Australia.. read more

Credit officers would be well advised to read the business plans supplied by applicants for loans, something ANZ failed to do with a gelato franchise, evidence at the Hayne royal commission confirms. read more

Fintechs are making ripples in the market for the supply of loans to very small businesses, a senior executive of ANZ confirmed at the Hayne royal commission yesterday. read more

A former sales manager with Securency International yesterday reversed his plea on a charge of false accounting. read more

Commonwealth Bank and its Bankwest division have won a partial reprieve from the Royal Commission into banking misconduct. read more