70

Westpac will pay the maximum penalty - A$3 million - for its unconscionable conduct and breaches of its financial services licensee obligations for its trading in the bank bill swap market on five occ.. read more

American Express has won approval for a clearing and settlement license from the Chinese central bank, allowing it to become the first foreign card scheme to be granted direct access to China's bank c.. read more

Four finance executives, including a CEO, will no longer face a criminal trial, following a High Court ruling yesterday. read more

Australia's biggest and most complex banks will have four years to conjure up the extra capital to meet a lofty minimum total capital ratio target of around 19 per cent. read more

Westpac will learn this afternoon the size of the penalty it will pay following an adverse judgment in May centred on unconscionable conduct in the bank bill market in recent years. read more

The industry's steely profit maximisation ethic, a relentless focus on product sales and "complexity" on the part of both banks and regulators sums up responses from major stakeholders to the interim.. read more

Australia is ramping up its commitment to the Pacific, with Prime Minister Scott Morrison promising to set up a A$2 billion infrastructure bank to issue grants and long-term loans for "high priority".. read more

It looks likely that Westpac NZ will lose the contract to provide transactional banking services to 35 New Zealand government agencies when the current contract expires in 2023, with local bank Kiwiba.. read more

Gympie Credit Union just averted an operating loss over the 2018 financial year, via a gain on sale from the disposal of a small shareholding in Bendigo and Adelaide Bank. read more

NYSE-listed online small business lender OnDeck has announced third quarter 2018 net income of US$9.8 million, an improvement on the net loss of US$4.1 million in the comparable period last year. read more