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Big banks are reviewing their involvement in wealth management but a Reserve Bank report suggests that the benefits of owning wealth businesses are sufficient that they are likely to remain part of th.. read more

Jonathan Chan will steer P2P outfit SocietyOne as chief product and strategy officer. read more

CUA has committed to increasing its community investment four-fold and will spend up to three per cent of pre-tax profit on philanthropic, community and shared value projects. read more

The credit quality of Australia's mid-market corporate sector improved markedly in 2015, according to Veda research, with the mining, transport and construction sectors stable and the average probabil.. read more

Forty-six per cent of Australians would consider moving to another bank if they learned that their bank was lending to projects that harmed the environment and contributed to climate change, new resea.. read more

The Reserve Bank has reaffirmed its support for merchant surcharging as a way of signalling to consumers that some payment methods are more expensive than others and as a mechanism for putting downwar.. read more

ASIC has re-visited the interest-only mortgage sector and found some, but not enough, improvement. It found just over 20 per cent of lenders did not include a statement explaining how an interest-only.. read more

Specialist home lender Firstmac, which has been the subject of market speculation in recent months about a sale or partial sale, shrugged off any doubts about the quality of its business with a strong.. read more

ANZ New Zealand is following the lead of its parent and will offer Apple Pay in NZ, with the launch of the service likely to be before the end of the year. read more

The big banks have become more competitive with their fixed-rate mortgage offerings over the past year, while smaller lenders have increased share in the refinance segment, according to the latest AFG.. read more