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Banks and Armaguard are close to receiving clearance from the ACCC for the big banks (and others) to coordinate on how best to prop up Armaguard’s cash distribution business. read more

Losses from card fraud of $2.2 billion, as estimated by the ABS, are 3 times larger than industry estimates. read more

Volt Bank is being reborn as a non-bank offering much the same services as Volt, except targeted to smaller ADIs, planners and other non-banks. Many Volt shareholders look likely to back the new ventu.. read more

Liberty being Liberty and Sherman Ma being, well, Sherman Ma, it is no surprise the Australian Taxation Office took a deep dive into the complex internal workings of Liberty Financial, at least the pr.. read more

Armaguard are on the cusp of an epic win over their alarmed clients in the banking industry via a material support package. The ABA looks likely to wrap up negotiations by the end of this week.   read more

An ambitious program of federally funded and widely accessible loans to foster a near universal take-up of rooftop solar and associated investments is the centrepiece of the pre-budget submission to t.. read more

In a decision that seems unlikely to stand, the Federal Court has found that Finder Wallet Pty Ltd’s crypto product Finder Earn is not a debenture. read more

The banking industry have been played for fools, disoriented into yielding to the clever, costly plans of Lindsay Fox and Linfox Armaguard. read more

Why not pay more if you want to? This is the both sensible and silly retort of banks at the very moment they are being outfoxed from every angle. Paying more turns out to cost more than $100 million... read more

APRA has removed the $500 million capital add-on it imposed on NAB in response to issues identified in the bank’s risk governance self-assessment. read more