Foreign news: Visa Europe sales a windfall for banks 12 May 2015 3:55PM Some of Britain's biggest banks are eyeing multi-billion pound windfalls from the potential £13 billion sale of the Visa Europe payments network. read more
Briefs: FOS appoints new lead ombudsman, ANZ Fiji head to chair public Service Commission, DBM Consu 11 May 2015 3:24PM The Financial Ombudsman Service has appointed June Smith lead ombudsman (investment and advice). Her area of FOS's jurisdiction covers financial advice, life insurance, superannuation and investments... read more
Foreign news: State Bank of India looks for new credit card partner 11 May 2015 3:23PM State Bank of India is open to appointing a new partner for its credit card business after current partner GE Capital recently announced it would exit the financial service business globally. read more
Briefs: Quadrant sells Heartland stake; NZ suggests tax shift, bankers back financial adviser stand 08 May 2015 4:04PM The Australian Bankers Association has backed the Federal Government's blueprint to professionalise the financial advice industry. read more
Foreign news: OCBC to rejig China banking segment, pay cut for China bank execs, recovery plans set 08 May 2015 4:02PM Overseas-Chinese Banking Corp plans to remodel its unprofitable China consumer banking unit and focus more on corporate banking, to help boost profit. read more
Foreign news: HSBC to review operations, Doha moving to India, UBS to settle on FX fines, chip cards 07 May 2015 4:05PM HSBC's net profit for the first quarter of 2015 hit US$5.25 billion, rising about one per cent above the same period a year ago. read more
Briefs: NAB's rumoured equity raising, WA legislates on Bell Resources, S&P rates Qld Police Credit 07 May 2015 4:05PM Australia's most expensive commercial dispute, a multi-faceted battle that ran for 20 years in several jurisdictions and courts following the collapse of Western Australian conglomerate the Bell Group.. read more
Briefs: Hockey launches financial crime taskforce, Digital CC tests P2P remittance service 06 May 2015 4:00PM Treasurer Joe Hockey has announced the formation of a taskforce to fight financial crime. read more
Foreign news: BoA may restore executive chairman role, banking school for KL 06 May 2015 3:59PM Bank of America plans to hold a shareholder vote on the change the board made in October to company bylaws to allow chief executive Brian Moynihan to also be chair of the board. read more
Briefs: CITIC CLSA launched, Firstmac eyes RMBS issue 05 May 2015 3:49PM CITIC Securities and CLSA yesterday formally launched CITIC CLSA Securities as a corporate finance and capital markets business based in Asia. read more