69

Commonwealth Bank has taken its home ownership “platform” concept a step further with the announcement of a strategic partnership with property management company :Different. read more

Westpac and ANZ has received high scores for their modern slavery disclosures, while Bank of Queensland, Bendigo and Adelaide Bank and Afterpay all received low scores. read more

Close to half of SMEs applied for funding in the past six months and, of those, only half were successful in obtaining the full amount of funding they were after, according to new research. read more

Commonwealth Bank has been hit with 30 criminal charges relating the promotion and sale of consumer credit insurance. read more

Papua New Guinea’s Independent Consumer and Competition Commission has denied authorisation for Westpac’s sale of its Pacific businesses to Kina Securities. read more

APRA’s directive to ADIs that they cut their reliance on the Committed Liquidity Facility to zero by the end of next year will hit banks’ net interest margins and increase the cost of issuance in some.. read more

Despite all the predictions over the years that reverse mortgages are the next big thing, the home equity release market continues to decline. read more

A long-standing consumer bugbear is the runaround they often get from merchants and banks when they ask for a direct debit to be cancelled. A banking oversight body has found that banks do a better jo.. read more

APRA has told ADIs subject to the liquidity coverage ratio rule that it wants them to reduce their use of the Committed Liquidity Facility to zero by the end of next year. ADIs will have to purchase t.. read more

In a broadly applauded reversal of its views, the ACCC has authorised the merger of BPAY Group, Eftpos Payments Australia and NPP Australia, relying on commitments given by the parties in a court enfo.. read more