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Despite all the negative publicity recently about the conduct of former advisers at Commonwealth Financial Planning, an investor survey has found that Commonwealth Bank enjoys the highest satisfaction.. read more

Banks and other authorised deposit-taking institutions are struggling to meet the single customer view requirements of the Financial Claims Scheme, according to the chief information officer of a lead.. read more

Investec Bank Australia incurred A$42.8 million of restructuring costs during the year to March, contributing to a loss of $71.9 million. read more

Banks and other organisations with reporting responsibilities under anti-money laundering and counter-terrorism financing legislation will have to conduct far more comprehensive customer due diligence.. read more

ANZ notified customers this week that it planned to close seven branches, taking the total number of closures for the year to 19. read more

The electronic conveyancing exchange PEXA will move to the next stage of development in October, when participants in New South Wales and Victoria will be able to complete property transfers and finan.. read more

A court has found that the Financial Ombudsman Service is required to have regard to the application of legal principles when making a determination but it does not have to apply legal principles to t.. read more

The Australian Securities and Investments Commission has banned a former Westpac foreign exchange trader from providing financial services for eight years after finding that he created fictitious trad.. read more

The largest financial sector listing on the Australian Securities Exchange since 2007, Genworth Mortgage Insurance Australia, commenced trading its shares yesterday and finished the day 13 per cent ab.. read more

Consumer finance company Thorn Group has reported another financial result notable for a flat earnings performance, but the company declared that investment in the diversification of the business was.. read more