Financial Services

Goldfields Money has tapped investors for $20 million, with its planned merger with mortgage aggregator Finsure nearing completion.

Westpac has agreed to pay a $35 million fine after admitting to wrongly assessing people's ability to repay mortgages.

An accountant who pocketed almost $1.8 million after lodging more than 100 fraudulent income tax returns has failed in a bid to have his eight-year sentence reduced.

Bankwest has launched an in-app messaging service that allows its customers to have their questions and queries answered securely, quickly and easily.

Perth accountant Peter Moltoni has been hit with a $34.5 million tax assessment after the ATO took a close interest in disputed payments by his former client Pankaj Oswal.

Cash Converters International has posted a $22.5 million profit for the 2018 financial year, while also announcing the resignation of chief executive Mark Reid.

Brad Rosser brings diverse experience with Bond Corp, McKinsey and Co, Virgin and Unilever Ventures to his current focus on startups.

Troubled financial services giant AMP has appointed long-time Credit Suisse executive Francesco De Ferrari as its new chief executive, effective December 1.

Investors seem unconcerned by the fallout from the banking royal commission, with banks’ shares rising despite the flood of bad news.

Markets operator ASX Limited has posted a 2.5 per cent lift in full-year net profit to $445.1 million with a strong contribution from its listings service, capital raisings and futures trading.

Perth-based lenders Fair Go Finance and Capfin Money have announced plans to merge in a deal under which Frankfurt-listed MyBucks will sell a 60 per cent stake in the new entity to its former chief executive Tim Nuy.

HBF last night launched its new Perth city branch at Kings Square, which includes a raft of modern technology experiences including a Skype station and self-service digital claims processing.

Perth accountant Neil Alessandrino has pleaded guilty to a rolled-up fraud charge in the District Court this week.

Bankwest has posted a $681 million net profit for the 2018 financial year on the back of increased lending and a reduction in bad loans relative to 2017.

With more than $1.2 billion in funds under management, IDS Super is carving out a fast-growing niche in the self-managed superannuation fund sector.

Australia's biggest investment bank, Macquarie Group, has its first female CEO.

Companies as diverse as multinational Konica Minolta and local startup Kirrikin are operating as both for-profit and for-purpose businesses.

Perth finance executives Andrew Frazer and Simon Lill have agreed to a strategic alliance between their respective businesses.

Bankwest is closing 29 branches along Australia's east coast and cutting 200 jobs, saying customers are increasingly using mobile banking.

Financial services company Euroz has reported a surge in profits for the 2018 financial year, along with an uplift in its dividend, driven by higher performance fees from its listed investment companies.

SPECIAL REPORT: Private equity groups and credit funds are delivering a diverse range of financing options for mining projects.

SPECIAL REPORT: Western Australian companies were involved in 235 corporate finance deals worth $6.9 billion in the June quarter, with new advisory firms playing an increasing role, research by Business News has found.

SPECIAL REPORT: A new corporate advisory firm working from a historic building in West Perth has rapidly made an impact, advising on more than a dozen transactions for public and private companies.

A Perth-based banking consultant who helped banks in Africa develop more customer-centric strategies believes a return to that model would benefit Australian institutions.

A 65-year-old Geraldton woman has been handed a suspended prison sentence after failing to lodge tax documents dating back to 2008.

Macquarie Bank has hiked home loan rates even as the Reserve Bank cash rate remains steady, in a sign funding costs are rising and larger rivals such as the big retail banks could follow suit.

A former Perth finance broker has been handed a 21-month prison sentence on loan fraud charges following an investigation by the corporate watchdog.

A former insurance broker has admitted funnelling almost $200,000 owed to 35 clients for policy cancellations and adjustments into his own bank accounts.

Accounting firm UHY Haines Norton will have three offices in Western Australia following a merger with national outfit Sothertons, while Moore Stephens Perth - which absorbed the old UHY practice in WA in 2015 - has announced changes to its leadership team.

Commonwealth Bank will demerge and list its wealth management and mortgage broking businesses, with its CommInsure insurance unit possibly next on the chopping block.

In a wide-ranging video interview, HBF managing director John Van Der Wielen has sat down with Mark Pownall to discuss the group’s future growth strategy, along with his diverse career and regulatory challenges facing the finance sector.

JPMorgan Australia chairman Robert Priestley has quit the ASX and Future Fund boards as a criminal case progresses against ANZ bank over a capital raising underwritten by the investment bank.