180

New Zealand Post announced it had finalised terms for the state-owned Accident Compensation Corporation and the New Zealand Superannuation Fund to buy an unspecified stake in Kiwi Group Holdings, whic.. read more

Italian bank Monte dei Paschi di Siena has a new chief executive, Marco Morelli, and his first job is to convince shareholders to approve a €5 billion capital raising and a €28 billion sale of non.. read more

CBA has paid A$180,000 in infringement notices for breaching responsible lending rules when selling personal overdrafts, and the latest Consumer Sentiment survey results show savers are risk-averse. read more

AMP Bank has launched an issue of residential mortgage-backed securities, seeking A$500 million of funds. read more

Postal Savings Bank of China looks to raise US$8 billion by listing its shares in Hong Kong, and Wells Fargo tells employees to stop cross-selling products. read more

Fintech zipMoney has completes its acquisition of Pocketbook Holdings, Westpac launches new one-year Australian dollar-denominated senior unsecured notes, and Semple shuts up shop for good. read more

JP Morgan Chase is increasing the minimum asset level for access to its private banking service in the United States. read more

Westpac is so serious about cost saving it wastes no money updating its customer communications, and Heritage Bank appoints a new CFO. read more

Apple confirms it will launch Apple Pay in Japan next month, and Citibank has teamed up with an Asian Uber clone, Grab. read more

Morgan Stanley has paid a penalty of A$123,750 after receiving an infringement notice from the Australian Securities and Investments Commission. read more