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APRA  won support from the IMF, which argued it could still do more.

IMF urges new bank regulatory tools

Because interest rates are expected to remain low and household debt is high, the IMF's review of Australia's economy advised that the regulatory framework and macroprudential tools be updated to improve resilience.

So-called "junk" insurance policies such as credit card, loan protection and tyre and rim insurance have been a major ...

Junk insurance refunds to exceed $1b

Banks and insurers could face more than $1 billion in refund costs as a result of mis-selling worthless add-on insurance policies.

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Hiroto Saikawa: "Beyond being sorry I feel great disappointment, frustration, despair, indignation and resentment."

Shock in Japan as Ghosn held in financial probe

The arrest of Nissan Motor's chairman Carlos Ghosn on charges he under-reported his income and misused company funds caused the company's shares to tumble and left many in Japan shocked by his downfall.