Westpac is exiting lenders mortgage insurance by selling the business to Arch Capital with appropriate warranties and indemnities....

The firms were found to be leaders in making their environmental, social, and governance objectives clear in integrated reports....

The Australian Securities and Investments Commission’s view on the status of intra-fund advice suggests there are few implications likely to flow from this week’s High Co...

The major banks may have exited wealth management but there are good reasons why some remain involved in the delivery of superannuation products....

Australian banks accounted for the second-highest financial penalties in 2020, just after American banks, with total fines reaching $981.06 million, according to Finbold....

Superannuation funds with major shareholdings in Westpac will be putting their members’ investments at risk if they do not support a greater board focus on risk and compl...

The court enforceable undertaking for its risk governance deficiencies indicates the severity of the bank’s lack of ability to remediate its weaknesses, according to the ...

Westpac has announced it will sell its General Insurance and General Insurance Services to Allianz for $725 million and has entered into an exclusive 20-year distribution...

There is no lack of competition between licensees to attract good financial planning businesses, but Mike Taylor writes, the days of the deep pockets of the big banks are...

Holding a low weight to financial stocks is the common denominator between those Australian equity funds which have reported double-digit gains over the past year. ...

While the major banks have been resilient and avoided a worst-case scenario by holding strong balance sheets during the economic downturn, they still have “a big job” ahe...

Westpac has reported a 66% decline in full-year profit but has pointed to a strong balance sheet....

AUSTRAC will cost the bank $415 million and its goodwill and intangibles associated with Westpac Life Insurance Services will cost $568 million....

Only two US banks were fined more than the Australian bank during 2020, with anti-money laundering breaches being the most common cause worldwide....