Perth-based lenders Fair Go Finance and Capfin Money have announced plans to merge in a deal under which Frankfurt-listed MyBucks will sell a 60 per cent stake in the new entity to its former chief executive Tim Nuy.
HBF last night launched its new Perth city branch at Kings Square, which includes a raft of modern technology experiences including a Skype station and self-service digital claims processing.
Bankwest has posted a $681 million net profit for the 2018 financial year on the back of increased lending and a reduction in bad loans relative to 2017.
Financial services company Euroz has reported a surge in profits for the 2018 financial year, along with an uplift in its dividend, driven by higher performance fees from its listed investment companies.
SPECIAL REPORT: Western Australian companies were involved in 235 corporate finance deals worth $6.9 billion in the June quarter, with new advisory firms playing an increasing role, research by Business News has found.
SPECIAL REPORT: A new corporate advisory firm working from a historic building in West Perth has rapidly made an impact, advising on more than a dozen transactions for public and private companies.
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.
