Edition:
United Kingdom

Paulina Duran

Australian regulator investigates trading in pay-later stocks

21 Feb 2019

SYDNEY, Feb 21 Australia's corporate watchdog said it is investigating share trading in buy-now, pay-later lending companies that occurred following the release of a confidential report to lawmakers with potential implications for regulation of the sector.

Australia's ANZ to boost investor lending as mortgage book shrinks

19 Feb 2019

SYDNEY Australia and New Zealand Banking Group Ltd pledged on Tuesday to lend more to investors as it reported the lowest annualised growth rate in mortgage lending in more than two years due to "overly conservative" settings.

UPDATE 2-Australia's ANZ to boost investor lending as mortgage book shrinks

19 Feb 2019

* CEO vows to boost investor loans (Recasts with shrinking mortgage volume, adds shares, analyst comment)

UPDATE 1-Australia's AMP flags earnings hit from retirement bill, shares at all-time low

18 Feb 2019

* Says retirement bill would hit earnings by $21 mln annually

Australian regulator pledges hard-line approach to financial sector misdeeds

15 Feb 2019

SYDNEY Australia's corporate regulator said on Friday it would pursue harsh civil penalties and criminal sanctions against banks and their executives for wrong-doing backed by new legislation poised to pass through parliament.

REFILE-UPDATE 4-Australia's AMP sees more pain ahead for scandal-hit wealth unit

14 Feb 2019

SYDNEY, Feb 14 Australia's AMP Ltd on Thursday said client withdrawals from its flagship wealth management unit showed no sign of abating and warned that legal and compliance costs would hit 2019 earnings, as it tries to recover from a year of scandal.

Australia's Macquarie CEO looks offshore for growth

12 Feb 2019

SYDNEY Australia's Macquarie Group on Tuesday outlined the global ambitions of its new chief executive as it tracks toward a record annual profit thanks to its diversified business model, which helped offset losses from recent global market volatility.

Inquiry fails to create level playing field for smaller banks: Australia's Bendigo

11 Feb 2019

SYDNEY A powerful inquiry into misconduct by Australia's finance sector failed to address concerns that competition was skewed in favor of big lenders, mid-sized Bendigo and Adelaide Bank Ltd said on Monday, as it posted a decline in half-year profit.

RPT-ANALYSIS-Australia's bruised big banks offered respite in inquiry wash-up

10 Feb 2019

* Australia's big banks tipped to retain focus on cost-cutting

Australia's bruised big banks offered respite in inquiry wash-up

08 Feb 2019

SYDNEY After a year of bruising interrogation, Australia's oligopoly banking system has emerged from a government-appointed inquiry with reputations tarnished and some top executives removed - but also an unexpected opportunity to rebuild.

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