'Fees for no service' bill tops $50m for ANZ 09 April 2018 3:11PM ANZ and ASIC have documented the total cost of compensation for customers of the bank's financial planning business, charged in part for services never provided. read more
Training deficit exposes banks 09 April 2018 3:08PM The time and quality of training provided for bank staff, and the staff of suppliers for banks, is one theme being pushed by the Finance Sector Union at the Hayne royal commission. read more
Briefs: NZ Government confident banks won't trip up KiwiBuild, NZ banks on top in satisfaction surve 06 April 2018 4:52PM The New Zealand government says it is confident banks' reluctance to lend for small and prefabricated dwellings will not be a roadblock to its KiwiBuild programme, despite Opposition claims. read more
Banker pay and risk culture 'major concerns' 05 April 2018 5:46PM An excess focus on return measures and lacklustre reviews by boards of the pay arrangements for their bank's most senior staff feature in an APRA review. Bad outcomes on banker pay are "a product of s.. read more
Briefs: CommBank CBA hit by all-day mystery outage, ASIC''s new client money rules, RMBS deals launc 05 April 2018 5:10PM Commonwealth Bank customers had a choppy time of it yesterday (4 April) with the activist website aussieoutages.com reporting the first notifications that the CBA system was down had started by 8.04 a.. read more
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Briefs: VW Australia back for more ABS funding, Moody's reports on collateral 04 April 2018 4:28PM Volkswagen Financial Services Pty Ltd are marketing Driver Australia Five, an Australian denominated asset backed securitisation deal, with notes totalling A$699 million on issue. read more
AD: Customer Experience Excellence Awards! 04 April 2018 9:47AM Celebrate a year of accomplishments at the Customer Experience Excellence Awards!If your team has gone above and beyond in the pursuit of Customer Experience, apply for the awards now. read more
Unity Bank to merge with second coastal mutual 03 April 2018 4:06PM Central Coast Credit Union has reached out to a second-choice merger partner following the calling off of its plans to merge with Australian Military Bank. read more
Foreign news: Easter ringfencing at Barclays and in Russia, Phishing scam nets football club 03 April 2018 4:03PM Returning from their Easter break, 30,000 Barclays Bank staff have found themselves working for the "biggest banking start-up ever". read more