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Close to 500 people at Commonwealth Bank are now working on sorting out the rights and wrongs of the bank's systematic misconduct in select financial planning matters. read more

Banks have more work to do to align personal incentives with organisational interests, the head of APRA, Wayne Byres, cautioned in a speech in Singapore on Friday. read more

A shift in strategy - and even a decline in the balance sheet  - may be on the agenda as the highly regarded Westpac Institutional Bank chief Rob Whitfield walks out the door at Westpac. read more

Anticipated reforms to bank capital methodology will be of material benefit to regional banks, an analysis by Standard & Poor's suggests. read more

Oake Securities, a newly established specialist fund, aims to raise A$250 million over seven years to invest in second mortgages. read more

The debt collection sector remains an irritant in the eyes of financial regulators. read more

At least one Australian bank is planning for the demise of two venerable payments systems once the New Payments Platform is up and running. read more

A court has ordered Westpac to pay a A$70,000 bonus and costs to a retrenched insurance sales manager working in the BT Financial division. read more

The planned initial public offering of QBE Group's lenders mortgage insurance arm may be abandoned, with details seeping out on the loss of business from one of its major customers, Westpac. read more

Lenders counting on a surge in demand for household credit to underpin their growth plans may be disappointed, if projections by a senior official of the Reserve Bank of Australia have any validity. read more