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The "Four Pillars" protection racket for Australia's biggest banks looks like it may be soon be history, paving the way toward agreed or mildly hostile offers to rearrange the inefficient, high cost.. read more

APRA, the chief banking regulator in Australia, is being guided to a period of introspection over its approach to prudential supervision of the banking industry. read more

Trail commissions "should be banned" but upfront commissions will survive, and these reforms "must be implemented by all lenders without further delay," an aggravated Productivity Commission demands. read more

Obliged by convention to spruik a defiantly reformist report on the finance industry from the Productivity Commission at a business lunch today, treasurer Scott Morrison ignored the most compelling.. read more

ING Bank (Australia) Ltd - trading as ING Direct - has set up its first mortgage covered bond facility, giving it the capacity to raise up to A$1 billion in its first transaction. Comments from analys.. read more

Customers are not being supplied with the right information to make choices about switching banks, the Productivity Commission's final report into competition in the Australian financial system conclu.. read more

A small union victory over underpayment of wages by an FX dealer with 100 staff may widen, with the Federal Court asked to prevent employers avoiding the higher rates of pay under the Banking, Finance.. read more

There's good news for journalists and not so good news for the public's right to read the contents of ASIC registers. read more

AMP Bank may be one of the few remaining pillars of its owner, AMP Limited, with the forthcoming interim result likely to show the division's profit accounting for up to 30 per cent of profit. read more

Goldfields Money, Australia's newest bank, is taking its time in progressing a planned merger with the mortgage aggregator Finsure, pushing back the target date to the end of September. read more