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Australian consumers are paying high prices, by international standards, for financial services and savings are not being passed on to them, Industry Super Australia argued in its submission to the Fi.. read more

China UnionPay has become "the most popular payment method based on purchase volume", US researcher The Nilson Report said in its annual report, Global Cards. read more

Rising property prices are helping to resolve the legacy issues at lenders mortgage insurance company Genworth Australia and set the scene for a listing on the ASX. The company's profit levels, howeve.. read more

Global broking group, Arthur J Gallagher is to buy insurance premium funding businesses Monument and Lumley Finance from Wesfarmers. read more

In its submission to the Financial System Inquiry, Coles has outlined some of the stumbling blocks faced by Wesfarmers in its journey toward a banking licence. read more

It is tempting to interpret the launch and associated marketing last week of the Westpac Foundation as symbolic of something significant at the bank, not just its bicentennial which is still three yea.. read more

Federal Treasury  has called for the Financial System Inquiry to consider "the scope for promoting market solutions by redesigning disclosure requirements for the digital age." read more

Routine demands from the Government for the Australian Prudential Regulation Authority to cut costs and maintain work output have "eroded its independence," APRA contended in its submission the Financ.. read more

The Financial Claims Scheme "is not properly priced", and the "too big to fail" perception is distorting the financial system, federal Treasury said in its submission to the Financial System Inquiry. read more

Macroprudential tools " are available and would be used if APRA viewed it as necessary to do so," APRA said in its submission the Financial System Inquiry. read more