The Australian Banking Association has announced two temporary changes to the Banking Code of Practice, which have been approved by the corporate regulator....

The Finance Sector Union of Australia is asking NAB employees to assist in the audit of their pay, to correct the bank’s failure to remunerate staff....

The terms were declared unfair by the Federal Court of Australia as they caused a significant imbalance to the parties’ rights and obligations under the contract and woul...

While industry associations have welcomed the six-month deferral, they have called for the Government to be open to reviewing the timeline given the uncertainty of the CO...

The consumer group said the deferral struck a "sensible balance" between legislating reform and dealing with the pandemic....

Hard-pressed industry funds bank, ME Bank, is offering clients financing rearrangements and a six-month repayment holiday as it scrambles to deal with the controversy aro...

A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....

Australia’s banking sector has created opportunities for both borrowers and investors but they need to recognise how to tap these opportunities, according to Metrics....

Banks and financial services firms have been revealed as having major consumer trust issues with new Roy Morgan research revealing that only Bendigo and Adelaide Bank and...

The Association of Financial Advisers has urged banks who loaned money to advisers to buy books of clients to show leniency....

APRA has finalised updates on the Prudential Standard APS 222 to reduce contagion risk within banking groups....

Commonwealth Bank has reported a 28 per cent fall in third-quarter cash profit from continuing operations of $1.7 billion as a result of $714 million in customer remediat...

Macquarie Group recorded net profit for the European financial year to March’s end of $2.982 billion, up 17 per cent on FY18, with a loss in fee income offsetting modest ...

NAB chief executive, Andrew Thorburn, has defended some fees for no service charged by the bank as a “process issue” rather than dishonesty, as he came under fire at the ...