Foreign news: BoA to cut Asian jobs, Basel IV puts Eurozone at risk 28 September 2016 3:10PM Bank of America is reportedly planning job cuts in Asia, while the European Union may opt out of new global rules aimed at preventing another financial crash. read more
Bank Australia invests for growth 27 September 2016 3:41PM Bank Australia made a decision to forgo profit and invest in the brand and technology during the 2015/16 financial year. read more
Briefs: Bartercard expands in the US, Westpac insurance adviser banned by ASIC, Bankwest refinances 27 September 2016 3:26PM Bartercard expands into the US, ASIC bans a financial advisor and SWAN Trust's notes are rated by Fitch. read more
Foreign news: China's banks securitise bad loans, Goldman Sachs cuts staff, CLOs hit by Libor, and m 27 September 2016 3:22PM Chinese securitisations are expected, Goldman Sachs cuts in Asia, a squeeze on Collateralised Loan Obligation funds and China's banking commissioner has warned the country's city banks over the hidden.. read more
YBR sells accounting and legal business 26 September 2016 1:33PM The overhaul of the Yellow Brick Road business continues, with the announcement that it will sell a subsidiary business, Yellow Brick Road Accounting & Wealth Management. read more
Briefs: Pepper co-CEO heads for Hong Kong, new banking operations manager at Heritage 26 September 2016 1:27PM Pepper Group co-chief executive Mike Culhane is relocating to Hong Kong, and Heritage Bank has appoints new manager of banking operations. read more
Foreign news: Wells Fargo class action launched 26 September 2016 1:21PM The crisis at US bank Wells Fargo over the opening of millions of unauthorised accounts has deepened, with two former staff members launching a class action seeking US$2.6 billion on behalf of workers.. read more
Briefs: Strong local support for UnionPay, Warwick Negus appointed BOQ director 23 September 2016 3:40PM About 270,000 point of sale terminals in Australia now support UnionPay's QuickPass mobile payments system, making Australia the market with the largest number of QuickPass terminals outside mainland.. read more
Foreign news: Monte dei Paschi at risk of a bail-in 23 September 2016 3:39PM Italian bank Monte dei Paschi is struggling to complete a €5 billion recapitalization and €30 billion bad loan sale, and may have to be "bailed-in". read more
Briefs: NAB issues A$800 million of subordinated notes, Pepper appoints head of Australian mortgages 22 September 2016 3:59PM NAB and MyState issue subordinated notes, Maleny CU searches for a new model and Pepper appoints a new head of mortgages. read more