Ad hoc consequences strands Westpac legacy

Of the three big-bank self-assessments now in the public domain Westpac's seems the least unsettling.Still, one DNA strand, in the bank's jargon, looks destructive: an "organisational imperative for s.. read more

ACCC retools for 2020 rate vision

The ACCC will soon supply an "indicator rate" that will unsettle brokers and banks as well as the half dozen big names in financial comparison; forcing a rethink on the lifestyle claptrap in a segment.. read more

Bank rate resetters yield gently on deposits

Deposit rate cuts these last few days by banks may have been restrained for a mix of political and commercial reasons, Infochoice analysis shows; rougher treatment for savers must be the next phase an.. read more

CBA finds plus-side in Count exit

A $200 million indemnity from CBA is only the start of the upside for investors in CountPlus, as buyer and seller of Count Financial Planning set out to simplify one element of the bank's $2.2 billion.. read more

Mortgage mess action seeks funding

The Commonwealth of Australia will be named as the defendant in a proposed class action centred on the consequences of the policies of financial regulators that have encouraged the ramp up in househol.. read more

Resimac Positive fintech pays

Resimac Group has acquired 15 per cent of Adelaide-based Positive Group, which specialises in asset finance solutions for consumers, mortgage brokers and small businesses. read more