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The alleged cartel conduct following a A$2.5 billion ANZ institutional share placement in 2018 sees three banks and six bank executives committed for trial on criminal charges of alleged cartel conduc.. read more

Australian Unity launched its offer of Mutual Capital Instruments yesterday, marking the debut of a completely new type of security in the Australian capital market. read more

A minor win for organised crime from the government on Friday. A heck of a win for freedom and liberty and enterprise in society. read more

A court has ruled that the Australian Financial Complaints Authority’s jurisdiction does not extend to considering complaints arising from the conduct of a licensee’s representative acting outside its.. read more

The Australian Competition and Consumer Commission has found there really is a ‘loyalty penalty’: home loan borrowers with older loans pay significantly higher rates than borrowers with newer loans. read more

The Customer Owned Banking Code Compliance Committee has raised concerns about privacy breaches and the sale of consumer credit insurance. read more

Westpac’s efforts to deal with its risk management problems through its Customer Outcomes and Risk Excellence program have fallen short and now the bank has had to give APRA an enforceable undertaking.. read more

Finance company Money3 has continued its push into the auto finance market, with the acquisition of Automotive Financial Services. read more

A bill amending the Competition and Consumer Act, transferring Consumer Data Right rule-making from the ACCC to the Treasurer, was introduced yesterday. read more

Consumer finance company humm (which changed its name from Flexigroup this week) has formed a joint venture with fintech start-up Douugh to develop a buy now pay later offering for the US market. read more