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Insurers have designed "complex and extremely poor value products, and put their reputations at risk," ASIC chief Greg Medcraft declared in a caustic speech on Friday. It's an "industry-wide" problem,.. read more

The ramp up of the business model of point of sale financier Afterpay may be proceeding well, though losses are also piling up. read more

Harmoney, New Zealand's largest peer to peer lender, has finally crossed the Tasman, bringing with it A$200 million to lend. read more

Auswide Bank will emerge with a controlling interest "of at least 51 per cent" in MoneyPlace Australia under a capital raising by the specialist lender now underway. read more

The domestic banking franchises may be firing, but offshore adventures are sucking up capital and diverting management at Commonwealth Bank. read more

Public disclosures on residential investment lending by Commonwealth Bank, and even APRA, are bunk, with the truest data an industry secret, CBA's chief executive officer Ian Narev has revealed. read more

Payment card statistics for 2016 are looking awkward for major banks, in particular, as the revolve rate on credit card borrowings dives to a new all-time low. read more

Four more credit unions are kicking tyres on the merits of joining the Bendigo and Adelaide Bank alliance. read more

A lift in variable rates in December by Bendigo and Adelaide Bank has put the brakes on new lending for the group at a time when it is reaching for asset growth and a lift in returns. read more

Four Australian banks have opted to jettison a proposed three-year boycott of Apple Pay and start over. Their new idea: an 18-month boycott to persuade Apple to fold over its limits on access to the N.. read more