13

Service standards and turnaround times on home loan applications have blown out, badly, at People First Bank, at least for applications lodged via mortgage brokers.  read more

Nicola Willis, New Zealand’s finance minister is duty bound – surely – to test the market for any interest in an outright takeover of Kiwibank, alongside all other schemes to conjure up capital in ord.. read more

Banks and banking products dominate complaint flows to the Australian Financial Complaints Authority. read more

Commonwealth Bank’s sale of its 99 per cent holding in PT Bank Commonwealth in Indonesia has resulted in a total non-cash loss of $298 million. read more

The ACCC has issued a draft determination proposing to grant authorisation with conditions to the Australian Banking Association, its member banks, and other industry participants to facilitate busine.. read more

Moody's Ratings has downgraded the long-term issuer ratings of Suncorp Group Limited to A3 from A2, following the sale of its banking subsidiary to ANZ yesterday. The rating outlook is stable. read more

Fintechs are making headway in the foreign exchange market, largely at the expense of banks, ACCC research has found. read more

A deterioration in the position of its US debt buyig business means the 2024 financial year “was a year of underperformance” Credit Corp has told shareholders in its annual report. read more

Commonwealth Bank has been fined $36,000 in the Melbourne Magistrates' Court after pleading guilty to not paying long service entitlements to staff. read more

APRA has confirmed it will keep its macroprudential policy settings on hold following its latest quarterly assessment of domestic and international economic conditions. read more