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APRA chair Wayne Byres has defended global banking regulation against the charge that its fragmented state adds cost for banks and their customers, hurts competition and exposes the system to greater.. read more

Margin lenders are sharing the pain their peers in the mortgage and personal loan markets are feeling; no one wants their product. read more

EML Payments is expanding its presence in the European market, with the acquisition of Flex-e-Card Ltd - a gift cards business. read more

Consumer finance company Money3 has completed the sale of small amount credit contract business and has received an initial payment of A$35 million of the business. read more

One dollar in eight is an impaired loan at Prospa, which helps explain an average interest rate last year on business loans of more than 24 per cent. read more

The Reserve Bank is "somewhat underwhelmed" by the progress some of the big banks are making with their implementation of the New Payments platform. read more

Yellow Brick Road is getting out of the wealth business and will focus solely on the mortgage market. The company announced yesterday that it would start of process to "dispose of, outsource or otherw.. read more

Societe Generale has returned to the Australian ADI market after a six-year absence. The Australian Prudential Regulation Authority announced yesterday that it had granted Soc Gen a licence to operate.. read more

Banks and other financial institutions will have to accept social media criticism of them as legitimate complaints, under new standards for internal dispute resolution being proposed by the Australian.. read more

ME Bank cut its principal and interest variable mortgage rate for owner-occupiers by 8 basis points, taking it to 3.79 per cent. It cut its P&I variable rate for investors by 10 bps, taking it to.. read more