AFG shops for equity stakes in broker businesses 28 November 2024 4:43AM Australian Finance Group yesterday announced that it will seek to acquire non-controlling equity stakes across its network of mortgage broking businesses. read more
Axiom confronts 1derful losses 28 November 2024 4:40AM Investors will be asking the board and management of Axiom Properties why it failed to disclose its heavy loss in the Supreme Court of NSW three weeks ago, in a case in which the fintech founder Luke.. read more
Kiwibank fined $1.5ml for breaches of consumer law 28 November 2024 4:38AM Kiwibank has been fined NZ$1.5 million after pleading guilty to systemic and long-running breaches of the Fair Trading Act that led to 35,000 customers being overcharged a total amount of NZ$6.8 milli.. read more
The brawl over 1derful 27 November 2024 3:05AM 1derful not only lives to try and fight another day, it is a literal Lazarus. read more
ASIC looks into Fletch and Axiom 27 November 2024 3:02AM Justice Ashley Black’s scathing judgement in the 1derful case lets the defendants, Fletch Capital, Craig Seymour and Michael Birch off the hook in one way. read more
Heartland Australia ‘on track’ 27 November 2024 3:00AM Heartland Bank Australia’s transition from wholesale funding to retail deposit funding continues to progress successfully and remains on track to be largely complete by June 2025. read more
APRA plans ‘comprehensive review’ of governance 26 November 2024 6:03AM APRA will soon begin a comprehensive review of its governance prudential framework. read more
Serviceability exceptions more common 26 November 2024 5:59AM Banks used exceptions to serviceability policies for around 5 per cent of new housing loans over the past year, which has increased from 2 to 3 per cent in the years prior, APRA said yesterday. read more
Select mutuals stick with Cuscal 26 November 2024 5:49AM Ten banks have turned up on the list of the top 20 shareholders of Cuscal Limited following the firm’s IPO. read more
ACCC 'assessing' PEXA monopoly 25 November 2024 6:40AM The ACCC’s examination of the alleged anti-competitive conduct of PEXA in e-conveyancing amounts to an “assessment” rather than an “investigation” a Senate committee hard on Thursday. read more