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ANZ chief executive Shayne Elliott has made it a top priority to restore momentum in the bank’s flagging home loan business and is throwing people, new processes and technology at the problem. read more

ANZ reported net profit of A$6.2 billion for the 12 months to September – an increase of 72 per cent over the previous year. read more

Commonwealth Bank has started winding up what is left of its financial planning business and will stop providing advice services by the end of next month. read more

Latitude Group has completed its acquisition of Symple Loans, announcing that it will begin the integration process immediately. read more

The Australian Financial Complaints Authority has restructured its senior ranks, creating the role of senior ombudsman to work alongside the lead ombudsmen in banking and finance, insurance, investmen.. read more

Fund manager Gryphon Capital Investments has advised clients that it expects the credit spreads on residential mortgage-backed securities to widen as a result of APRA’s recent directive to ADIs to red.. read more

Commonwealth Bank will close its school banking program, following a critical ASIC review of school banking arrangements and moves by state government to discontinue them. read more

Banking customers’ access to branches, other face-to-face points of contact and ATMs declined in the year to June, with the fall in the number of ATMs particularly marked. read more

Beyond Bank hopes to deepen its relationships with its members by offering a personal financial management service, using opportunities opened up by the Consumer Data Right. read more

Newcastle Permanent Building Society has resorted to buying loans to generate growth in assets, as it tries to deal with an issue affecting a number of ADIs currently – deposit growing faster than loa.. read more