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Foreign banks operating in Australia grew their local assets at a faster pace than the big local banks last year, with Asian banks leading the charge. read more

Small business lender Axsesstoday does not appear to be any closer to resolving a capital management and governance crisis that blew up last November. In the latest update in the saga, it has appointe.. read more

Finance company Thorn Group has launched a strategic review of the business, as it wrestles with problems on a number of fronts, including heavy write-offs, restrictions on the use of its corporate lo.. read more

La Trobe Financial has backed the fledgling fractional property investment company, DomaCom, with a A$50 million facility. read more

Mortgage lenders continued to cut fixed rates in March, with one lender cutting a long-term rate by close to 90 basis points. read more

The slowest annual growth rate ever reported by the RBA's data on mortgage credit growth - over the year to January - looks to be getting even worse. read more

Comparison site operator iSelect has scrapped its unprofitable home loan operation and entered into a partnership with aggregator Australian Finance Group. read more

Macquarie Securities has forecast that the big banks will pay out additional adviser remediation costs of between A$1.2 billion and $1.8 billion over the next four years, with hits of between 3 per ce.. read more

Consumer finance company Wisr has completed a $15 million equity raising, which it will put towards investment in technology and distribution. read more

Total shareholder return is likely to be suppressed, but not eliminated, in working out long-term bonuses for senior bankers, with APRA guiding reform. read more