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Westpac reported net profit of A$2.3 billion for the year to September – a fall of 66 per cent compared with the previous corresponding period. read more

Deposit takers are not waiting for the Reserve Bank’s monetary policy decision before reviewing deposit rates. On Friday, Commonwealth Bank cut its savings rates by 10 basis points, the third time the.. read more

ANZ chief executive Shayne Elliott said removing responsible lending provisions from the consumer credit law would only increase loan approvals “at the margin”, if at all, and that the information len.. read more

The Westpac board has amended chief executive Peter King’s employment contract, removing the two-year term. The contract now has a standard 12-month notice period. read more

ING Bank Australia’s head of retail banking for the past three years, Melanie Evans, has been appointed to the top job at the bank. read more

ANZ reported net profit of A$3.57 billion for the year to September – a fall of 40 per cent compared with the previous corresponding period. read more

Bank of Queensland completed the bookbuild for its latest hybrid issue yesterday, as Bendigo and Adelaide Bank entered the market with a hybrid offer of its own. read more

ASIC has put financial institutions on notice that they must be compliant with new design and distribution obligations when they take effect next year. For that to happen system changes need to start.. read more

October has been a significant month for the issuance of various forms of climate-friendly financial instruments. read more

Commonwealth Bank has been fined $150,000 after it increased the credit limit of a problem gambler who had informed the bank of his problem and said he did not want a credit limit increase until his g.. read more