Errors and stressors for Westpac

The conduct of a bank branch manager and their bank sheds light on of one domain of Westpac, at its branch in Moonah, Hobart. The manager, referred to as 'G', and Westpac traded florid allegations of.. read more

Scores of mutuals aided by 'bank' naming

Many of the 60-odd customer owned banking institutions currently trading as credit unions and building societies "look forward to engaging" on the option of using the bank label instead of their prese.. read more

Comment: Banks authorised with onerous care

Any applause for a renovated law on use of the label "bank" in Australia may be misplaced. While Treasury officials expect that the draft reforms unveiled by Treasurer Scott Morrison yesterday will "r.. read more

Mixed RMBS milestone for Liberty

Liberty Financial on Friday concluded the largest mixed pool securitisation of prime and non-conforming mortgages for any Australian name since the GFC.At launch, the size of the transaction was put i.. read more

Eftpos tap catch up leaves a mark

The appeal of contactless payments may be further displacing cash, if the leap in total spending on credit and charge cards reported by the Reserve Bank of Australia for May 2017 is any guide. read more

CHOICE hunts broker model

A 'fee for advice' model in mortgage broking remains on the wish list of the reformers at consumer group CHOICE, with the government's and ASIC's review of commissions in the sector still up for debat.. read more

Credit reps bother CIO in ombudsman reset

The Credit and Investments Ombudsman is adapting its campaign to derail the "one stop shop" for financial complaints, taking aim at the exclusion of credit representatives under the government's propo.. read more

Wealth shortcuts shame NAB anew

Six hundred days later than a grumpy Coleman committee would prefer, NAB on Friday owned up to its latest compliance cock-up in its wealth division. NAB mislead "at least" 150,000 MLC and other wealth.. read more