Fear AI bias can trigger ‘embarrassing outcomes’
Companies around the world are ratcheting up investment in generative AI, despite the lion’s share having concerns about its bias.
Companies around the world are ratcheting up investment in generative AI, despite the lion’s share having concerns about its bias.
The tie-up of Lendi and Aussie Home Loans started with a lot of promise, but its two remaining founders are now meeting with staff, brokers and franchisees to fend off trouble in the ranks.
The prudential regulator has halved the additional capital imposed on Westpac for compliance and governance failures, citing improvements in the bank’s culture and risk management.
Lendi, which subsumed Aussie Home Loans, has admitted it had a technology issue that affected some customer inquiries, postcode collection and home loan referrals.
Commonwealth Bank-backed mortgage broking firm Lendi faces a rebellion by a large number of Aussie Home Loans franchisees over how customer referrals and leads are distributed.
The corporate watchdog has begun informally interviewing staff from ANZ’s institutional division over unusual trading activity.
UBS has re-hired analyst Kieren Chidgey to co-head its Australia and New Zealand research efforts, as it seeks to boost its coverage of financial stocks and the domestic market.
Australia’s biggest banks face legal action and will have to repay $28m for systemically charged high fees to those customers who could least afford it, an ASIC investigation has revealed.
Macquarie Group’s data centre push is set to reap it bumper fees on the AirTrunk sale as global investment firms scramble to increase their involvement in the industry.
The big four bank has brought in two law firms to uncover any evidence of wrongdoing amid allegations of the manipulation of bond prices and cultural issues within its markets unit.
Original URL: https://www.theaustralian.com.au/author/joyce-moullakis/page/15