Briefs: CITIC CLSA is PEXA exit strategy adviser, Prime housing loans in arrears increased, new appo 24 July 2015 4:11PM Property Exchange Australia is CITIC CLSA Capital Markets' first big client after the property transfer site confirmed it had appointed the adviser to assess the prospects of a possible A$1 billion li.. read more
Foreign news: US bank signs up Cuba, CICC seeks HK listing, BoA names new execs, and more 24 July 2015 4:09PM A day after the United States and Cuba re-established diplomatic ties, a US bank based in Florida, Stonegate Bank, has signed a correspondent banking relationship with a Cuba's Banco Internacional de.. read more
Briefs: Westpac to lauch hybrid, ANZ moves further into India, Money3 CEO retires 23 July 2015 4:05PM Westpac Banking Corporation is set to become the third major Australian bank to raise hybrid capital this year with a $750 million offer to be launched as early as next week. read more
Foreign news: Citi fined over cards, China hits P2P lenders, BRICS bank opens, and more 23 July 2015 4:04PM The United States Consumer Finance Protection Bureau has ordered Citigroup to pay a US$70 million fine and US$700 million in compensation for mis-selling credit cards. read more
Brief: Bank of Sydney failed to apply procedural fairness 22 July 2015 3:01PM Bank of Sydney must pay A$21,000 in compensation to an inexperienced customer service officer in lieu of reinstatement, after the Fair Work Commission found her dismissal was "harsh". read more
Foreign news: Apple to track card balances 22 July 2015 2:58PM Apple has been granted a patent for a system that tracks the status of a smartphone user's card balances. read more
Briefs: ME launches RMBS, ASIC bans dishonest finance brokers 21 July 2015 3:36PM ME (formerly ME Bank) has launched its first issue of residential mortgage-backed securities for the year, seeking A$500 million of funds. read more
Foreign news: Greek banks reopen, UBS plans private banking branch for Shanghai, China's banks bail 21 July 2015 3:35PM Greek banks are reopening after being shut for three weeks, although some restrictions remain in place. read more
Brief: China's HNA in the Esanda race 20 July 2015 4:36PM A Chinese logistics, aviation and property company, HNA Group, is bidding for ANZ's Esanda finance arm. read more
NAB prepares to sell more Great Western shares 20 July 2015 4:16PM National Australia Bank has taken steps to sell the remaining shares in its United States subsidiary Great Western Bancorp. read more