Turnbull makes a captain's pick on EDR review 10 October 2016 5:05PM PM Malcolm Turnbull has come down strongly in favour of establishing a banking tribunal, one of a number of options being considered by a panel set up to review external dispute resolution in financia.. read more
Refinancing drives the mortgage market 10 October 2016 5:04PM Home buyers refinancing their loans were the most active participants in the mortgage market during the September quarter, according to a leading aggregator group. read more
Non-conforming RMBS pricing falls 10 October 2016 4:56PM Pepper Group completed its second issue of non-conforming residential mortgage-based securities for the year, raising A$800 million at a lower margin than its issue in March. read more
Banks CEOs defend targets and staff remuneration 07 October 2016 5:01PM Big Bank chief executives appearing before a parliamentary committee yesterday defended their staff remuneration practices and the setting of targets for referrals by branch staff. read more
Almost seven per cent have little or no equity in their homes 07 October 2016 4:56PM New research reveals that a significant number of household face serious financial risk if house prices decline or interest rates rise. read more
Committee chair Coleman's questions point to banking reform agenda 06 October 2016 4:59PM This week's appearances by bank CEOs before a parliamentary committee provide some pointers to the government's reform agenda for the sector. read more
ANZ to review credit card rates and fees 06 October 2016 4:57PM ANZ chief executive Shayne Elliott conceded that the bank's return on equity from credit cards was "well above" the group ROE and said there was scope to overhaul the way it ran its credit card busine.. read more
Teachers completes its second merger in two years 06 October 2016 4:56PM Teachers Mutual Bank is expecting to complete its merger with Fire Brigade Employees' Credit Union by November 1, when it will launch its new brand Firefighters Mutual Bank. read more
Private lending arrangements putting homebuyers at risk, consumer group warns 06 October 2016 4:54PM A leading consumer advocacy group has called for rent-to-buy property schemes to be banned and vendor finance schemes to be brought under consumer credit law, warning that a growing number of vulnerab.. read more
FOS reveals most dispute-prone banks 05 October 2016 5:04PM The Financial Ombudsman Service has handed Bank of Queensland, Bankwest and HSBC Bank Australia the dubious distinction of being the most likely banks to have customer disputes. read more