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Clydesdale Bank takes $56m charge for possible insurance liabilities

Clydesdale Bank takes $56m charge for possible insurance liabilities

Provision for possible PPI liabilities now stands at more than £380 million since March, 2018

  • by Stephen Miles

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Former RBA governor says home loan plan could help buyers 'at the margin'
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Home loans

Former RBA governor says home loan plan could help buyers 'at the margin'

Former RBA governor Bernie Fraser has given tentative backing to the first home buyer plan, saying it should help people enter the property market.

  • by Clancy Yeates
Why big banks don't care about the first-home buyer stunt
Opinion
Big four

Why big banks don't care about the first-home buyer stunt

You would think the country’s largest mortgage lender, CBA, would be doing cartwheels over the proposed scheme.

  • by Elizabeth Knight
IOOF's troubled ANZ superannuation deal hits another snag
Banking royal commission

IOOF's troubled ANZ superannuation deal hits another snag

Mid-October termination date if P&I approvals are not received from ANZ, the board of its independent OnePath trustee and now, possibly APRA.

  • by Stephen Miles
CBA's clean-up bill for scandals tops $2.1 billion
Updated
Banking royal commission

CBA's clean-up bill for scandals tops $2.1 billion

CBA's cumulative bill for compensation and related costs has swelled to more than $2.1 billion, as its profits are also hit by slower credit growth, skinnier margins, and rising loan losses.

  • by Clancy Yeates
Low rates 'drug' may not be enough for growth, says QBE boss
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World markets

Low rates 'drug' may not be enough for growth, says QBE boss

Very low interest rates may not be enough to reignite global growth, the chief executive of insurance giant QBE says.

  • by Clancy Yeates
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Home loan scheme could increase negative equity risk, economists say
Home loans

Home loan scheme could increase negative equity risk, economists say

Mortgages with deposits of only 5 per cent could result in more people ending up with a loan worth more than their house if the house price slump continues.

  • by Clancy Yeates
Forget humans, more than 1m could be using robots for financial advice
Financial planners

Forget humans, more than 1m could be using robots for financial advice

Taking out computer-generated investment advice could make sense for more than 1 million Australians, says robo-adviser Six Park.

  • by Clancy Yeates
$30,000 on ATM fees: Palm Island bank customers highlight Indigenous finance problems
Indigenous

$30,000 on ATM fees: Palm Island bank customers highlight Indigenous finance problems

Financial services are improving access for Indigenous Australians, but peak bodies say it's a 'five-day-a-week' job that requires a national strategy.

  • by Natassia Chrysanthos
NAB to ditch 50 business bank fees in new shake-up
Bank fees

NAB to ditch 50 business bank fees in new shake-up

National Australia Bank is scrapping 50 types of fees paid by its business customers, and could "radically" cut the number of fees charged across the bank.

  • by Clancy Yeates
'We have listened': QBE avoids second 'strike' on executive pay
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'We have listened': QBE avoids second 'strike' on executive pay

QBE has dodged a second shareholder "strike" vote on executive pay after it turned around its financial performance and revamped how it pays its top managers.

  • by Clancy Yeates