Macquarie remediation process 'flawed' 18 August 2014 4:04PM Macquarie Group's remediation process for financial planning clients, announced on Friday, has been criticised for providing insufficient detail of the process and not offering clients appropriate leg.. read more
Insolvency numbers spike in ACT and NT 15 August 2014 3:51PM The Australian Financial Security Authority released figures last month showing that personal insolvency activity fell 10.1 per cent in the June quarter, compared with the previous quarter. read more
Commbank battles rising profits: results at a glance 14 August 2014 4:31PM The Commonwealth Bank of Australia's executive team was out in force to push the message that the year to 30 June has been one of "very pleasing growth", with a net profit of A$8.63 billion for the y.. read more
Cost and funding discipline behind modest Suncorp Bank result 14 August 2014 4:22PM With no non-core bank losses to report, Suncorp Bank left its GFC legacy behind in the 2013/14 financial year. The bank made a A$228 million contribution to Suncorp's group earnings, after making a lo.. read more
Aussie CEO quits 14 August 2014 4:17PM Aussie Home Loans chief executive Ian Corfield has quit the job after just one year. read more
Another year of decline for ATM operators 14 August 2014 4:17PM Cash withdrawals from ATMs are falling in line with the fall in cash usage that the Reserve Bank and others have reported recently. read more
Strong equity market leaves online broking business flat 14 August 2014 4:16PM The strong performance of the Australian sharemarket over the past year has not translated into more business for online brokers. Researcher Investment Trends found that the number of Australians usin.. read more
Bank fees case goes open class 13 August 2014 3:40PM Maurice Blackburn Lawyers and litigation funder Bentham IMF issued statements yesterday confirming that they had commenced "open class" proceedings in the New South Wales Supreme Court, seeking to exp.. read more
Debit card growth outpaces credit in 2013/14 13 August 2014 3:40PM Spending on debit cards grew at almost twice the rate of growth in spending on credit and charge cards during the 2013/14 financial year. Growth in the number of debit card accounts also outpaced grow.. read more
Democracy movement has a win at the MFAA 13 August 2014 3:39PM The Mortgage & Finance Association of Australia is re-rewriting its constitution to give members a greater say in the running of the organisation, which represents mortgage brokers and other finan.. read more