Suncorp joins hybrid queue

Suncorp Group is setting out to sell A$250 million in capital notes that will qualify as tier one capital, "with the ability to raise more or less." read more

ASIC not done with CommInsure yet

The insurance arm of Commonwealth Bank's wealth management division remains subject to investigation by ASIC, although the regulator found no evidence of undue pressure on doctors to change or alter t.. read more

Advocacy wanes at major banks

A decline in advocacy, or the "net promotor score", was the fate of three of Australia's major banks over the last year, a research house has found. read more

Mutual banks push APRA mandate

Mutual ADIs are stepping up a campaign to "amend the APRA Act to give the prudential regulator an explicit 'secondary competition objective' and require APRA to report annually against this objective... read more

Control risks florid in bank financial advice

In another harsh report card for the sector, ASIC has found that more than four in five audits by banks of client's files are "ineffective" or only "partially effective", and banks are slow to notify.. read more

Mobile payments no match for cash

Mobile payments accounted for only around one per cent of point-of-sale transactions in 2016, a survey by Roy Morgan Research for the Reserve Bank of Australia has found. Cash, by contrast, accounted.. read more