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.
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.
* CEO vows to boost investor loans
(Recasts with shrinking mortgage volume, adds shares, analyst
* Says retirement bill would hit earnings by $21 mln
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.
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.
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.
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.
* Australia's big banks tipped to retain focus on
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.