Briefs: 86 400 licence revoked, BNZ limits services for unvaxxed 09 December 2021 5:54AM 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
Consultation opens on new regime for NZ authorised deposit takers 07 December 2021 6:09AM 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
Briefs: CBA completes Colonial sale, new AMP CTO 02 December 2021 5:45AM 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
Briefs: CBA offers zero-rate business loan, new BCCC CEO, and more 01 December 2021 5:54AM 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
Briefs: BPay, Dnister lose CEOS 30 November 2021 5:56AM John Banfield, CEO of BPAY, and Liam Tiernan, CEO of DNISTER Ukrainian Credit Co-operative, are both leaving their roles. read more
Briefs: ACCC approves NAB’s Citi deal, ScotPac expands product range 26 November 2021 6:08AM The ACCC will not oppose NAB’s proposed acquisition of Citigroup’s Australian consumer banking business. read more
Briefs: BNK appoints interim banking CEO, Kiwibank customers get pre-approvals withdrawn 18 November 2021 6:28AM BNK Banking Corp has appointed its general manager, banking and wholesale at BNK Bank, Allan Savins, as the bank’s interim chief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
Brief: ANZ under fire over asset finance restriction 17 November 2021 5:54AM Commercial finance brokers are unhappy with ANZ’s recent changes to asset finance applications. read more
Briefs: RBNZ chief economist departs, new CEO takes reins at Westpac NZ 16 November 2021 6:20AM Yuong Ha, the Reserve Bank of NZ’s Head of Economics and Chief Economist, is leaving the bank after 25 years. read more