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An advisory panel asked to review the Westpac board’s governance of the bank’s anti-money laundering and counter-terrorism financing obligations has raised a bigger issue, questioning whether the bank.. read more

AMP Bank has introduced electronic signatures for home loan applications, among a range of banking upgrades announced yesterday. read more

Despite slipping in the latest online broker ratings, Commonwealth Bank’s market-leading online brokerage CommSec has increased its market share. read more

The Australian credit market has picked up over the past month but the recovery has been patchy and there has been very little primary issuance, a fund manager reports. read more

International payments company OFX has managed to compensate for another drop in customer registrations and active customer numbers with an increase in transaction numbers, during the year to March. read more

Property fund manager and equity release provider DomaCom has allayed concerns about its capital position, at least for the time being, by negotiating an extension on a convertible note issue. read more

Westpac chief executive Peter King has suffered a double blow, with the departure of the head of the bank’s consumer division and its chief information officer. read more

Debt buyer Pioneer Credit has entered into a standstill agreement with its lender, private equity firm Carlyle Group, and has until July to refinance a debt of A$141.6 million. read more

The government has introduced a package of bills to give the Australian Prudential Regulation Authority power to increase the amount of levies it can collect from the entities it regulates. read more

Banks have deferred repayments on 703,000 loans, worth A$211 billion, according to the latest Australian Banking Association update. read more