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Former Mortgage Choice chief executive Paul Lahiff has been elected chairman of the board of Lixi, the financial standards-setting body, and has set himself the task of establishing Lixi's standards.. read more

The Rock Building Society and MyState could be one by Thursday assuming the Supreme Court of Queensland approves their merger. A whopping 96 per cent of The Rock's shareholders voted in favour of the.. read more

Banking regulations that will establish a permanent deposit guarantee received the Governor-General's assent on Friday. The altered Financial Claims Scheme will operate from February 1 next year. read more

The Australian Government will make changes to tax consolidation rules introduced last year that have resulted in more than $30 billion of tax claims. But private rulings sought from the Australian.. read more

Perpetual portfolio manager Vince Pezzullo says the major banks need to make significant inroads into their costs, and that consumer and corporate de-leveraging is a multi-year cycle that calls for.. read more

Two new studies suggest a low-growth 2012 mortgage market with more discounting, cost-cutting and attempts to cross-sell. read more

National Australia Bank has achieved what Commonwealth Bank under Ralph Norris could not: it has climbed from the bottom of the retail customer satisfaction ratings to the top. read more

Home loan broker Mortgage Choice will launch a wealth management business next year, following a path already taken by Aussie and Yellow Brick Road. read more

The securitisation industry is on notice that it must start preparing to operate without the support of the Australian Office of Financial Management. read more

ANZ has defended its inaugural covered bond issue against charges that it paid too much and that it failed to tap a wider investor base. read more