The latest Commonwealth Bank issue is the parking lot for some of the cash of the estate of retail tycoon Ian Norman.  A$15 million stake in the PERLS XI capital notes issues of Commonwealth Bank represents almost one per cent of the $1.6 billion in new capital for the bank. Westpac and NAB are ready to backtrack on their boycott of ApplePay after CBA's surprise flip on taking up the payment service last week, claims ITnews. Westpac said it was "open to considering ApplePay in the future" and is "committed to giving customers more choice through supporting a range of convenient payment solutions", while NAB said it was "continually looking at all options". As ITnews reports, this raises questions over the long-term future of Beem It, the ApplePay alternative backed by both banks along with CBA. Starting from sometime in January, CBA will join ANZ in offering ApplePay. Qantas said yesterday it would "no longer maintain a subscription for ratings with S&P Global Ratings." Qantas said it will maintain a ratings subscription agreement with Moody's ... all outstanding Medium Term Notes will continue to carry a Baa2 (Stable) rating. The Group's overall rating and outlook has been unchanged since May 2017 with Moody's. Westpac Group's head of corporate affairs, Roger Beaumont, is to take up the role of CEO at The New Zealand Bankers Association. Beaumont will return to New Zealand in mid-January to take up the role. Prior to joining Westpac in November last year he spent six years in the C-suite at ASB.