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The New Zealand Financial Markets Authority has filed High Court civil proceedings against Kiwibank for making false and/or misleading representations to customers over transaction fees. read more

APRA has revoked 86 400’s banking licence following NAB’s acquisition of the neobank in May and the subsequent transfer of 86 400’s assets and liabilities. read more

The Reserve Bank of New Zealand is calling for feedback on the draft legislation for the proposed Deposit Takers Act, which will create a single regulatory regime for all banks plus non-bank deposit t.. read more

Commonwealth Bank has completed the sale of a 55 per cent interest in its superannuation and investment business Colonial First State to investment company KKR & Co. read more

Commonwealth Bank has launched a business loan promotion, Business Boost Loan, offering up to A$100,000 of unsecured finance for two years at zero interest and with a three-month repayment holiday. read more

John Banfield, CEO of BPAY, and Liam Tiernan, CEO of DNISTER Ukrainian Credit Co-operative, are both leaving their roles. read more

The ACCC will not oppose NAB’s proposed acquisition of Citigroup’s Australian consumer banking business. read more

BNK Banking Corp has appointed its general manager, banking and wholesale at BNK Bank, Allan Savins, as the bank’s interim chief executive. read more

Commercial finance brokers are unhappy with ANZ’s recent changes to asset finance applications. read more

Yuong Ha, the Reserve Bank of NZ’s Head of Economics and Chief Economist, is leaving the bank after 25 years. read more