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Term deposit and bond marketplace Cashwerkz may be struggling to keep its head above water but this has not stopped the company from pushing ahead with ambitious transformation plans. read more

Mortgage Choice shareholders voted in favour of the acquisition of their company by REA Financial Services Holdings, part of the REA real estate group, at a scheme meeting yesterday. read more

Better processes are needed to alert customers to irregularities in payments, such as where account numbers do not match names, the Australian Competition and Consumer Commission says in its latest re.. read more

Two of the big banks, Westpac and ANZ, outlined ambitious cost-cutting programs in last month’s interim reports but Macquarie Securities has cast doubt on these plans, saying none of the big banks hav.. read more

After a few false starts, mandatory consumer credit reporting gets underway on July 1, when large ADIs will have to start supplying comprehensive credit information. read more

Australian financial regulators have put financial institutions on notice that they must stop using the London interbank offered rate as a reference rate in new contracts before the end of 2021. read more

Volt, the smallest bank in Australia has landed a strategic alliance (and a capital top-up) from AFG. This landmark deal is a pointer to the 'quite incredible demand' for banking as a service, on whic.. read more

The Australian Prudential Regulation Authority has put authorised deposit-taking institutions on notice that it expects them to be fully compliant with its revised capital framework when it takes effe.. read more

The Federal Court is to be given power to approve litigation funding arrangements, under changes included in a Treasury consultation paper on litigation funding schemes. read more

Consumer finance company Wisr has launched a share placement to raise A$50 million, which it will use to pursue what it describes as “significant growth opportunities”. read more