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UK financial services group Legal & General has acquired a 20 per cent stake in local reverse mortgage start-up Household Capital. read more

The credit and charge card market has hit new lows, with the lowest number of personal accounts recorded since 2010 and account balances at their lowest level since 2009. read more

The mortgage market kicked ahead in January, with the Australian Bureau of Statistics reporting new housing finance commitments grew at their fastest rate since lending activity started picking up in.. read more

The takeover battle for finance company CML Group has ended up before the Takeovers Panel, which is being asked to rule on an application by CML that one of its suitors, Consolidated Operations Group,.. read more

The financial services industry ombudsman has seen a "dramatic increase" in complaints about home loans. read more

In a year when consumer dissatisfaction had a profound impact on banks, ING Australia was one of the beneficiaries, with strong growth in customers numbers and assets. read more

The Government is keen for the new consumer data right, which kicks off in July with the launch of open banking, to move from its current "read access" arrangement to "write access". read more

Commonwealth Bank has cut the bonus rate on its Youth Saver account from 1.85 per cent to 1.55. read more

UBS has forecast that the major banks will suffer an eight basis point fall in net interest margin as a result of last week's cash rate cut and the one its expects in April. Earnings for the Big Four.. read more

Suncorp has removed all fees for personal and business transaction accounts, claiming to be the first of the major or regional banks to do so. read more