Insurance for nothing from ASIC

More than 30,000 car owners will have specialised car insurance premiums refunded yet maintain their insurance cover after the Australian Securities and Investments Commission forced 15 car finance.. read more

Bank customers take their time

People looking for banking products typically take more than a month to consider their options, and most undertake research online that influences them greatly, a study by Google Australia has found.. read more

Old world banks Moven on

A major international bank will fold through customer atrophy, Alex Sion, managing director of US challenger bank brand Moven, predicted at an industry conference yesterday. read more

Wide Bay bets on brokers

An A$1.46 million "accounting error" relating to loans to borrowers in hardship blotted the profits of building society Wide Bay Australia. read more

…and on Goldfields Money

A dependence on mortgage brokers to push product and meet ambitious growth targets affected the profit of Goldfields Money over the year to June 2013. Goldfields reported a net profit of A$197,000 f.. read more

PwC panel dislikes savings taxes

One aspect of the taxation of banking products crept into Australia's election debates yesterday, courtesy of a discussion paper from PricewaterhouseCoopers on tax reform. read more

NAB UK's rating cut to Baa2

Clydesdale Bank in the UK had its long-term credit rating cut from A2 to Baa2 by Moody's Investors Service on Friday. The bank is National Australia Bank's main business in Britain. NAB is rated Aa2.. read more

Cabcharge losing market share

Turnover of the Cabcharge payment system increased only 0.7 per cent, to A$1.06 billion, in the year to June 2013. This follows growth of only two per cent or so over the last two years. read more

Clydesdale insurance bill confirmed

Britain's Financial Conduct Authority says it has reached a deal with insurer Card Protection Plan, along with 13 banks and credit card issuers, to pay customers compensation of up to £1.3 billion.. read more