APRA speeds up sub debt debate 20 March 2019 5:15PM Investor tolerance for nifty, "loss-absorbing" debt instruments will be tested by APRA's final conclusions on reforming capital measures for Australian banks. read more
CUA slogs deposits 18 March 2019 5:36PM A fast pace of growth in deposits and "record member growth" over the December half suggests that the busy investment in "digital" is making its mark at CUA - Australia's largest credit union. read more
No life for AMP without AGM vote 14 March 2019 5:05PM There could be no more material change in the strategic direction of an enterprise than AMP selling AMP Life - so an EGM and a shareholder vote are imperative to greenlight or rethink the $3.3 billion.. read more
Mortgage broking on borrowed time 13 March 2019 5:02PM Trail commissions are doomed and upfront commissions are also a lost cause.For now, the mortgage broking sector in revelling in the government's announcement yesterday afternoon that is "has decided t.. read more
North coast merger misfits bank on P&N 12 March 2019 5:31PM Summerland and Coastline credit unions called off a NSW merger. A second, bigger local bank merger is underway. read more
Baywide drills mutuals in basic banking 12 March 2019 5:29PM A credit union in difficulty is counting on the votes of four more ADIs to save its skin. read more
Stubborn AMP 'surrenders' legal briefs 12 March 2019 5:26PM AMP and Clayton Utz have surrendered in their court battle with ASIC over failure to produce documents. Clayton Utz has now provided ASIC "with its internal file notes from the firm's interviews with.. read more
Comyn owns CommBank complacency 12 March 2019 5:22PM CBA's litany of lapses and misconduct "is completely unacceptable", the bank's CEO Matthew Comyn said on Friday. read more
Ongoing concerns over YBR loss 08 March 2019 5:10PM The absence of any mention of a "going concern" view from its auditors will fan questions over Yellow Brick Road following a horror loss of $34 million. read more
Banks slapped on 'pay gap' 08 March 2019 5:08PM The FSU wants confidentiality clauses in Enterprise Agreements ditched, in the name of pay equity. read more