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The Financial Conduct Authority has fined Clydesdale Bank for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on more than 42,000 mortgages. read more

Mutual bank status is a net benefit for mutually owned credit unions and building societies that make the switch, Standard & Poor's argued in a report yesterday. Since September 2011, 10 credit.. read more

Receivables on the David Jones American Express co-brand card remain on the disappointing side. The retailer said yesterday that they stood A$333 million at July 2013. read more

Heritage Bank chair Kerry Betros has hit out at the Australian Prudential Regulation Authority in the mutual's annual report, taking issue with its "extreme approach". read more

Banks and life insurers will need to work harder to maintain a share of the post-retirement money management market, a study by Deloitte on the dynamics of the Australian superannuation system concl.. read more

Foreign banks will only be able to register as a foreign company under the Corporations Act using the word "bank" in their name if they also register a representative office, says APRA. read more

People's Choice Credit Union believes it is leading its peers on customer growth, and says it has attracted "more than 20,000 new members. This is "many more than anyone else in the customer-owned b.. read more

Discussion the new Coalition Government's plans to abolish the Clean Energy Finance Corporation have tended to centre on the CEFC's legislated goals, and how to stay open for new business pending a.. read more

Roy Morgan Research has shed some extra light on shifting banking habits in a report on Friday. It says that in an average four-week period 59 per cent of Australians used the internet to access thei.. read more

Financial regulators would like to see a tempering in the pace of regulatory reform, says the Reserve Bank. The timetable for many reforms, such as those concerning bank liquidity, stretches out to 2.. read more