Glenn Stevens to chair Macquarie

Former Reserve Bank of Australia Governor, Glenn Stevens, will step up as the next chair of Macquarie Group (MGL) and Macquarie...

ABA to review the 116 suggestions from banking code review

The Australian Banking Association (ABA) says it will review in detail the 116 recommendations from the Final Report of the...

COBA welcomes APRA’s move to level the playing ground

The Customer Owned Banking Association (COBA) has welcomed the prudential regulator’s moves to address “too big to fail”...

Millennials become property and share investors

They may be known as a generation of spenders, but new research by CommBank shows that 43 per cent of millennials are investing...

Colonial First State growth plans after CBA sale

Colonial First State (CFS) plans to invest more than $430 million in transforming and digitising its business over the next four...

Black Friday weekend a bonanza for retailers

Australian retailers experienced a robust four-day sales period from Black Friday through to Cyber Monday, early merchant data from...

APRA announces additional loss-absorbing capacity requirements

The Australian Prudential Regulation Authority (APRA) is finalising requirements for the four major banks to maintain additional...

AFG takes a stake in BrokerEngine

Australian Finance Group (AFG) has bought a 70 per cent stake in BrokerEngine, a highly successful mortgage broker workflow...

ANZ faces class action for unfair credit card contracts

Class action proceedings have been filed by Phi Finney McDonald in the Federal Court of Australia against ANZ.

ANZ...