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Commonwealth Bank will force a ballot of all employees over a proposed (and long delayed) Enterprise Agreement that the Finance Sector Union labels a “con-job”. read more

Growth in lending to small business continues to be negative, if the uptake by banks of the Reserve Bank’s Term Funding Facility is any guide. read more

Claims on mortgage insurance over CY2020, at $618 million, was near double the level in 2019, with worse to come. No wonder the LMI monolines last year together reported an underwriting loss for the f.. read more

Research into the SME sector from Judo Bank finds more than a third of businesses may be ready to throw in the towel. read more

The Banking and Finance Oath has merged with The Ethics Centre. read more

Commonwealth Bank and CommSec are facing civil penalty proceedings in the Federal Court bought by ASIC over alleged breaches of Market Integrity Rules, the Corporations Act and ASIC Act. read more

There is a definite sense of Kenneth Hayne’s mandate: “Why not litigate?”, as ASIC sues NAB over a matter reported in a bit a panic. The bank is in the dock over the bank charging fees for making cert.. read more

Liberty Financial were cautious in their late November prospectus, and at any rate have surpassed key metrics for the December 2020 half year, the non-bank funder’s first report as a listed company. read more

Bank of Queensland is staking its future on a multi-brand strategy with confirmation yesterday of terms for a $1.325 billion all-cash offer from BOQ for ME Bank. read more

Federal Treasury has announced a review of the Australian Financial Complaints Authority and provided the community with a rather short consultation document to kick off the consultation process. read more