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Westpac will report an accounting loss of around A$1.3 billion after tax on the sale of its life insurance business. read more

The opportunistic bid for Thorn Group by Bermuda-based investment company Somers Ltd closed on Friday, with Somers forced to walk away without securing control. read more

Bendigo and Adelaide Bank has shrugged off concerns about the impact of ongoing COVID lockdowns, announcing a release from its collective provision. read more

Weeks after the Australian Banking Association commissioned a review of the Banking Code of Practice, the Banking Code Compliance Committee has announced a review of its activities. read more

Macquarie and Bendigo are the fastest growing home lenders in the country, but many other mid-tier banks, such as Suncorp and Citigroup, are doing it tough. read more

Buy now pay later company Openpay has announced a raft of executive appointments and new partnership deals, as it builds its business in the United Kingdom and prepares to enter the United States mark.. read more

Commonwealth Bank has completed the pilot of a green loan it launched in February and is rolling the product out nationally, adding to the growing list of green home and personal loans in the market. read more

Australian Finance Group has notified the Australian Securities Exchange that its merger with rival mortgage aggregator Connective Group is not likely to proceed. read more

Bluestone has marked the transition of its business from non-prime mortgage lending to predominantly prime lending with the completion of its first issue of residential mortgage-backed securities unde.. read more

The Red Meat Advisory Council has asked the ACCC to investigate Bank Australia’s refusal to provide financial services to organisations involved in intensive animal farming or live animal exports. read more