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The Federal Court has made a declaration that Commonwealth Bank made representations to customers on 12,119 occasions about interest charges that were false or misleading and that its conduct was like.. read more

The Australian Securities and Investments Commission has told the buy now pay later industry that its planned code of practice must include sanctions for companies that do not comply. read more

Automotive finance specialist Money3 is finally starting to see a boost to its bottom line from two years of acquisitions and asset growth. read more

Macquarie Group is back with an offer of capital notes, looking to raise A$500 million or more with an offer that includes a margin between 300 and 320 basis points. read more

Sharia-compliant financial company Hejaz Financial Services is close to finalising plans to offer an Islamic mortgage product through a mortgage broker. read more

Commonwealth Bank’s strong performance in the mortgage market, business lending and household and business deposits during the December half has not done much to help its bottom line, as conditions th.. read more

Temporary insolvency relief measures introduced in March last year as part of the government’s COVID response ended last month but there is more change in store for the bankruptcy system. read more

Following amendments to anti-money laundering and counter-terrorism financing law last November, Austrac has published proposed changes to its rules for public consultation. read more

Don’t blame it on demand: $3 billion funded under the SME loan guarantee scheme - $37 billion to go. read more

The RBA predicts its additional policy measures, announced late last year, will further lower banks’ funding costs. read more