•    Slater and Gordon is investigating potential class actions against Australian banks on behalf of consumers "who have been sold seemingly worthless or junk credit card insurance". The plaintiff law firm said it has found "substantial evidence which suggests that a large number of people have paid tens of millions of dollars for this insurance, despite the fact they were ineligible to claim some or all of the available benefits." Those groups include people who have no income or whose only income is from Centrelink; self-employed; are in non-permanent employment; are aged 65 and over; who already hold effective income protection insurance; or thought it was a mandatory requirement to hold a credit card. The firm acknowledged CBA has already paid out A$26 million to around 200,000 customers for inappropriate consumer credit insurance charges.•    The chair of New Zealand's Cooperative Bank, Steven Fyfe, has announced he will not be seeking re-election, and will retire in late June. Fyfe's replacement will be current director of the bank, Brendon O'Donovan, a former Westpac chief economist who has sat on the Cooperative board since 2012.