A Perth-based banking consultant who helped banks in Africa develop more customer-centric strategies believes a return to that model would benefit Australian institutions.
Macquarie Bank has hiked home loan rates even as the Reserve Bank cash rate remains steady, in a sign funding costs are rising and larger rivals such as the big retail banks could follow suit.
A former insurance broker has admitted funnelling almost $200,000 owed to 35 clients for policy cancellations and adjustments into his own bank accounts.
Accounting firm UHY Haines Norton will have three offices in Western Australia following a merger with national outfit Sothertons, while Moore Stephens Perth - which absorbed the old UHY practice in WA in 2015 - has announced changes to its leadership team.
Commonwealth Bank will demerge and list its wealth management and mortgage broking businesses, with its CommInsure insurance unit possibly next on the chopping block.
In a wide-ranging video interview, HBF managing director John Van Der Wielen has sat down with Mark Pownall to discuss the group’s future growth strategy, along with his diverse career and regulatory challenges facing the finance sector.
JPMorgan Australia chairman Robert Priestley has quit the ASX and Future Fund boards as a criminal case progresses against ANZ bank over a capital raising underwritten by the investment bank.
Australia's corporate watchdog has started legal action against Westpac over poor financial advice provided by one of the bank's former financial planners, Sudhir Kumar Sinha.
AMP has been hit with a fourth shareholder class action over the scandals revealed at the Financial Services Royal Commission and the resulting damage to the embattled financial giant's market value.
The corporate watchdog has banned a former Perth-based AMP financial adviser from providing services for the next five years after he was found to have given clients poor advice.
ANZ is facing criminal charges over alleged cartel conduct related to a $2.5 billion share placement, while two of the underwriters to the deal, Citi and Deutsche Bank, also received notice of charges.
Software group MYOB has dumped a $180 million deal to acquire the Australian and New Zealand assets of Reckon's Accountant Group after discovering new information about the company and its competitors.
Cash Converters International has boosted its coffers with a $39.5 million capital raising, with the proceeds set to strengthen the company’s balance sheet and be used to reduce debt.
Perth-based Cash Converters International has made a $650,000 settlement payment in relation to concerns over its debt collection practices, as the company transitions the process to a specialist third party.
A series of new blockchain plays and a growing assortment of associated businesses highlight how the new asset class is sparking entrepreneurship in Perth.
Dale Alcock’s ABN Group has recruited former Arrium managing director Andrew Roberts as its chief executive, while announcing Bankwest as its new banking partner, after nearly 40 years with ANZ.
A former Perth-based insurance broker has been permanently banned from the financial services industry by the corporate watchdog for misleading, deceptive and dishonest conduct.
Commonwealth Bank of Australia says it made a third-quarter cash profit of $2.35 billion, while also agreeing to pay $25 million to settle legal action brought against it by the corporate regulator over bank bill swap rates.
Opinion: The current banking royal commission and global shift to downsizing are raising questions as to whether any institution or business is too big to fail, or at least be broken up.
Two of the three AMP directors standing for re-election at this week's annual general meeting have decided to resign, with the company's longest-serving director to follow.
AMP has revealed almost 16,000 of its customers paid fees for financial advice they did not receive, while arguing it "strenuously denies" recommendations it face criminal charges over the scandal.
National Australia Bank is spinning-off its financial advice and superannuation businesses in a move it says has nothing to do with the "shameful" industry scandals heard by the royal commission.
