Foreign News: Banks facing a myriad of risks a decade on 16 October 2018 5:24PM Bloomberg reports at length on the risks facing the banking industry ten years on from the GFC. read more
Duo strike coastal union 15 October 2018 4:57PM Two New South Wales credit unions are exploring a merger, the largest in the mutual banking sector so far this year. read more
ASIC intensifies bother in banking 15 October 2018 4:56PM "The volume and range of breach reports" from banks, AMP and others "indicates a significant risk of systemic non-compliance" with requirements for fee disclosure statements and renewal notices in the.. read more
Briefs: Hefty remediation bill, former CBA staffer on fraud charges 15 October 2018 4:55PM In the wake of the royal commission, banking analyst Brett Le Mesurier estimates the cost of consumer refunds, reviews and litigation for the Big Four banks and AMP at A$6 billion - at least. read more
Foreign news: Amazon onto a winner if it jumps into banking 15 October 2018 4:54PM Amazon scores significantly higher than US banks for customer loyalty, with a net promoter score of 47 compared to 18 for banks. read more
CBA ramps up its accountability 12 October 2018 6:51PM "Accountability has not been clear enough inside the Commonwealth Bank. To address this we have extended the government's new Banking Executive Accountability Regime across more than 90 executives," M.. read more
Briefs: ANZ slated for human rights abuses, AUD transfer costs questioned, Alipay effort pays off 12 October 2018 6:48PM A Treasury report has found ANZ failed to meet its own human rights standards in financing a Cambodian sugar plantation and refinery project. read more
Foreign news: China becomes too big to fail 12 October 2018 6:46PM All four of the world's biggest banks by assets are Chinese, according to data compiled by Bloomberg. read more
Briefs: Drought taskforce seeks aggregated bank data, Kiwi crackdown on loan sharks, ASB sells ‚¬50 11 October 2018 6:35PM The Morrison Government has established a Drought Finance Taskforce to address financial stress on individual farms and rural communities. read more
Foreign news: EU card fraud falls but ram raids rise, UK lobby group proposes payment tax 11 October 2018 6:32PM Latest statistics from the European Association for Secure Transactions show losses due to card fraud at EU payment terminals have fallen to the lowest level since 2005. <!-- /* Font Definitio.. read more