37

MyState chief executive Melos Sulicich, who was due to leave the company at the end of June, has agreed to extend his employment contract to maintain continuity of leadership during the Covid-19 crisi.. read more

Greg McKenna, a capital markets specialist, is the new CEO of Police Bank, taking up the job at the end of last week. read more

The AOFM will be mandated to invest up to $15 billion in the wholesale funding of smaller lenders "to continue supporting Australian consumers and small businesses". read more

From today, the Reserve Bank of Australia is "targeting a risk-free interest rate further out along the yield curve" to complement the traditional focus on the overnight cash rate. read more

Volt Bank has followed the big bank pack and cut the interest rate on its variable rate savings account by 25 bps - to 1.90 per cent. read more

APRA has appointed Renee Roberts as the new executive director of its policy and advice division. read more

The New Zealand Commerce Commission has issued a warning to HSBC over a failure to comply with the information disclosure requirements of the Credit Contracts and Consumer Finance Act. read more

Cash management marketplace Cashwerkz has bounced back after releasing a half-year financial report that said it needed to raise additional funding to be able to meet its commitments. read more

Hot on the heels of its rebranding, Queensland Country Bank (formerly Queensland Country Credit Union) has received an external credit rating of BBB/A-2 from S&P Global. read more

ANZ Bank New Zealand will have to stump up with the largest settlement the Commerce Commission has ever reached with a single bank. read more