Foreign News: Fintech hub for Bahrain, UnionPay all over US, European banks under FBI spotlight, and 07 November 2017 5:58PM FinTech Consortium, which runs fintech hubs in New York and Singapore, has been appointed to operate a planned new fintech hub in Bahrain. read more
Goldfields reserves 'insufficient' 06 November 2017 4:33PM The net cash reserves of Goldfields Money "will not be sufficient" to finance growth plans, such as its rebranding and investment in digital capabilities, the board of the bank revealed on Friday. read more
ACFA gets limits but no funding model 06 November 2017 4:30PM Monetary limits are more or less settled, but the funding model and final governance model remain up in the air for the proposed "one stop shop" for financial disputes. read more
Defaults dent Genworth 06 November 2017 4:28PM Home loan defaults lifted across much of this year, with the level of claims paid by Genworth Mortgage Insurance Australia one monitor of what must be a wider industry trend. read more
Surcharge reduction boosts credit card satisfaction 03 November 2017 6:13PM The latest study of satisfaction levels among 4000 Australian credit card users by Asia-Pacific consulting firm JD Power shows 44 per cent noticed a drop in the surcharges on their credit cards. read more
Briefs: Healy and Mentis job swap, Bluestone's second nonconforming RMBS, Eclipx returns via ABS dea 03 November 2017 6:05PM BNZ CEO Anthony Healy is to swap jobs with Angela Mentis, chief customer officer, business and private banking, at BNZ's parent, NAB role. read more
Foreign news: BoE lifts UK rates by 25 bps, Volkswagen looking for licence, Bitcoin surges 03 November 2017 6:03PM The Bank of England has raised interest rates, as expected by many analysts. Interest rates have risen from 0.25 per cent to 0.5 per cent, returning to the level seen prior to the rate cut in August 2.. read more
Moody's warns on rising delinquencies 02 November 2017 5:02PM Moody's Investors Service says delinquencies for Australian motor vehicle loan asset-backed securities and prime residential mortgage-backed securities fell in August 2017, compared to the previous mo.. read more
Briefs: Auswide floating rate note to fund home loans, ACTU releases dossier on banks 02 November 2017 5:01PM Auswide Bank Ltd advised it priced a senior unsecured floating rate note yesterday, at a margin of 80 basis points over the relevant BBSW. read more
Foreign news: YES Bank allowed compromise to ATMs, ICBC issues major green bond 02 November 2017 4:59PM The Reserve Bank of India has hit YES bank with a US$1 million fine for failing to promptly report a breach of its ATM network read more