AFIC slices investment in major banks, AMP 24 July 2018 3:45PM Influential listed fund manager The Australian Financial Investment Company is continuing to rein in its exposures to the four major banks amid deepening concern over the earnings outlook for the sect.. read more
AD: Industry Report: A Global Look at Artificial Intelligence in 2020 24 July 2018 10:47AM Artificial Intelligence is on the rise. This 27 page report details the research that was done across multiple industries to determine the opportunities, trends, and challenges that will reshape th.. read more
Kelly ABN assault lowers living standards 23 July 2018 4:24PM The New Payments Platform may be called up for nannying duties by the Minister for Revenue and Financial Services, Kelly O'Dwyer, with the NPP potentially tasked with verifying that ABNs are bein.. read more
CPA exits advice 23 July 2018 4:21PM CPA Australia on Friday announced the closure of its licensing arm, CPA Australia Advice. read more
Brief: Proposed crackdown on NZ-registered building societies 23 July 2018 4:13PM The New Zealand Government is proposing changes to the Building Society Act to crack down on building societies that are registered in NZ but operating outside the Reserve Bank's non-bank deposit take.. read more
AFG's 'new normal' sees first home buyers, investors locked out 20 July 2018 5:17PM David Bailey, AFG's chief executive officer, said regulatory intervention in 2017 and tightened lending criteria appear to have established a 'new normal' for the market. "Investors are sitting ste.. read more
Brief: New eftpos chairman 20 July 2018 5:10PM An independent director of eftpos, Leigh Clapham, has been unanimously elected as the new chairman of the board. Clapham previously ran Mastercard in Australia and New Zealand, and held several senior.. read more
Agri defaults drag on Rural Bank 18 July 2018 5:05PM A loan to a single agribusiness concern represents more than eight per cent of all the impaired loans of Rural Bank, the bank's owner, Bendigo and Adelaide Bank, has the told the Royal Commission in.. read more
Major banks exit wealth advice, risk customer loss 18 July 2018 2:47PM Moves by major banks to exit the wealth management sector, or otherwise reduce their direct exposure to financial planning businesses, is shaping up as a collective tactical mistake. read more
Briefs: Audit Office deems cashless card trial 'inadequate', ACCC penalty for surcharge breach, NZ F 18 July 2018 2:38PM The Department of Social Services paid Indue Limited A$8.9 million for its role supplying the banking facilities for the Cashless Debit Card Trial, but was critical of the report. read more