Finance News

Yesterday Commonwealth Bank led the charge and removed the $2 fee to use a 'foreign ATM' which saw the other majors quickly follow suit, but Australia's finance media haven't exactly reacted with universal praise for the banks....

Today the Commonwealth Bank announced the sale of its life insurance arms CommInsure and Sovereign to leading insurance provider AIA in a $3.8 billion deal. The sale agreement includes a 20-year partnership between AIA and Commbank...

Data has revealed Millennial and Gen X peer-to-peer lending investors utilise the one-month market more than any other. Analysis of the $150 million invested in peer-to-peer lending (P2P) platform RateSetter since its 2014 launch shows over...

According to a research report from KPMG Australia, default group insurance in the super system is generally good for members and the economy, but some groups are being ripped off by an imbalance between insurance benefits...

Car manufacturers need to stop falling short on their Australian Consumer Law (ACL) obligations and quit putting pressure on car dealers at the expense of Australian customers, Australia's consumer watchdog has warned. At the 2017 Australian...

A new report has found that Australian online investors are choosing to stay with their current broker, while mobile platform functionality stands out as a major point of contention for traders considering a switch. Investment Trends' survey of...

The 'buy now, pay later' phenomenon has made its way into the airline business, as Afterpay becomes available for Australian customers to book domestic flights with Jetstar from today. Retail payments platform Afterpay has announced its...

Research shows that most Australians with general insurance do not approach any other companies to compare offers when renewing their policy. Roy Morgan Research's latest General Insurance Industry Currency Report found that 77.9% of general insurance customers...

The Nick Xenophon Team will soon introduce legislation which will attempt to combat the issue of unpaid and underpaid superannuation.

The majority of Australian small-to-medium sized business owners in 2017 believe that their businesses are safe from cyber attacks, according to accounting software company MYOB. MYOB's August SME snapshot found that 87% of Australian small-to-medium sized...