Venture capital does not suit banks

Businesses "need finance that looks more like venture capital," but banks probably are not suited to supply it, said Luci Ellis, head of the financial stability department at the RBA, on Friday. read more

Timid ANZ rethinks rate review

ANZ last week said it will announce the outcome of its monthly interest rate review by the Friday following the Reserve Bank of Australia's board meeting, a week earlier than before. read more

Comment: Consumer literacy not CBA's problem

Of the many facets of CBA's mea culpa yesterday, its resort to a plea for improved financial literacy may be the most comic. The lack of insight and experience of customers is scarcely the issue when.. read more

Court lifts veil on GE finances

The Federal Court, during the process of ordering consumer credit provider GE Capital Finance Australia to pay a penalty of A$1.5 million for making false or misleading representations, gave some insi.. read more

Comment: CBA's compo conundrum

Questions of adequacy will be a sharp debating point as Commonwealth Bank finalises its compensation scheme for clients defrauded by some of its financial planners. read more