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The Council of Financial Regulators has weighed into the debate about whether the Australian Banking Association should change the definition of small business in the new Banking Code of Practice. read more

Perpetual Investments is the latest fund manager to offer an ASX-listed credit fund aimed at investors looking for yield with a defensive flavour. read more

Westpac will reduce its headcount by 900 full time equivalents and aim to save operating costs of A$280 million a year, as it breaks up its wealth management division and stops providing personal fina.. read more

The volume of debt issuance by Australian and New Zealand companies in the US capital markets fell in 2018, continuing a trend that has been in progress for the past few years. read more

The government has begun the thorny task of introducing greater enforceability into financial sector industry codes of practice, while retaining their voluntary and self-regulatory character. read more

New Zealand financial services company Heartland Group's local subsidiary, Heartland Australia Group, has established an Australian dollar medium term note program and has completed its first senior u.. read more

Consumer lender Wisr has entered the "financial wellness" market, with the launch of an app rounds up purchase amounts and allocates the amount to payment of a debt. read more

Dutch bank ABN Amro has upgraded its presence in Australia with the opening of a Sydney branch last week, after the Australian Prudential Regulation Authority granted ABN Amro NV authority to carry on.. read more

Melbourne's LK Group has entered the financial services industry with the acquisition of comparison site InfoChoice from iSelect. read more

Treasury has released a draft of the terms of reference for the Australian Prudential Regulation Authority capability review, seeking public comment. read more