NAB to face Senate inquiry over financial planning failures 24 February 2015 5:54PM National Australia Bank has given a commitment to overhaul its coolants handling process after paying out millions of dollars in compensation to customers who received inappropriate financial advice. read more
Briefs: Suncorp issues RMBS, new COBA chair, Challenger exec to head Whitehelm, and more 24 February 2015 5:05PM Suncorp has launched an issue of residential mortgage-backed securities, seeking A$750 million of funding. read more
Brief: Call for royal commission into financial planning, ANZ sheds jobs 23 February 2015 5:02PM ANZ has confirmed a Finance Sector Union report that the bank has cut 149 jobs, many of which will go offshore. read more
Correction: Genworth and NAB 23 February 2015 4:55PM Genworth is not the only mortgage insurance provider to National Australia Bank. An article in Banking Day last Friday stated incorrectly that Genworth was NAB's sole LMI supplier. read more
Ian Rogers nominating for Labor preselection for Melbourne 23 February 2015 1:06AM In a break from banking news, and in the interests of disclosure:Ian Rogers, publisher and editor of Banking Day, will be nominating for preselection for the Labor Party for the electorate of Melbou.. read more
Briefs: Bank workers' pay above average, COBA warns on multibrand advisers, ban on SMSF loans mooted 20 February 2015 4:37PM Estimates published yesterday by the Australian Bureau of Statistics 2014 Survey of Employee Earnings and Hours, covering the last pay period up to 16 May 2014, show that people employed in the financ.. read more
Briefs: China Development Bank plans IPO, ANZ moves deeper into Paciific, Swiss raid HSBC, and more 19 February 2015 4:37PM China Development Bank plans to raise between US$1 billion and US$1.5 billion from a Hong Kong initial public offering of its leasing unit sometime this year, the Wall Street Journal reports. read more
Briefs: Westpac NZ appoints CIO 18 February 2015 4:59PM Westpac New Zealand has appointed Dawie Olivier as its chief information officer, replacing acting CIO Jason Millett. read more
Briefs: CBA launches RMBS, ASIC cancels forex company's licence 17 February 2015 4:43PM Commonwealth Bank has launched an issue of residential-mortgage backed securities, seeking A$1 billion in funds. read more
Briefs: GSI director to be examined, Chinese group plans Australian private bank 16 February 2015 4:34PM The receivers of Gippsland Secured Investments will conduct a further public examination of directors at the Supreme Court of Victoria, beginning on Wednesday. read more