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Concerned about competitive threats in the mortgage insurance sector and a weak housing market, Fitch Ratings has downgraded QBE Lenders Mortgage Insurance Ltd and revised the outlook for Genworth Fin.. read more

The removal of ATM withdrawal fees by a number of banks reduced total bank fees charged to households in 2018. But this was largely offset by the continued increase in small business fees. read more

The Bank of Queensland board's decision to appoint former Westpac executive George Frazis as its new chief executive appears to have cost the bank its chief financial officer. read more

Westpac has appointed the former head of wealth management at HSBC in Hong Kong to lead its reconstituted business division. read more

Debt agreements can only run for three years, under the provisions of a new insolvency law which takes effect on June 27. read more

ASIC has approved changes to the Australian Financial Complaints Authority rules to allow it to deal with complaints dating back to 2008. read more

MyState is the latest financial services company to get out of financial planning, announcing yesterday that it has entered into an agreement to sell its client book to Fiducian Group. read more

Treasury has released a second version of a draft designation instrument for how the consumer data right will apply to the banking sector, in response to concerns raised in the first stage consultatio.. read more

Credit reporting and data analytics company Equifax has teamed up with a local data aggregator, Basiq, to develop an Open Data service. read more

The impact of reforms to responsible lending assessments for credit cards, which took effect in January, will be extended next month when they are incorporated into the assessment of applications for.. read more