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Interim CEO Peter King has been confirmed as Westpac Group's chief executive officer for at least the next two years, effective from 2 April. Incumbency seems to have been the crucial factor in gettin.. read more

A new report from Worldpay, a provider of technology-based payment systems for merchants, banks and capital markets firms, says digital and mobile payments have become the preferred payment methods, w.. read more

Mike Baird consumer chief of NAB will leave the bank on 15 April - the first C-suite change of the McEwan era. read more

The ASX-listed Afterpay Ltd has reported a half-year statutory loss before tax of $35.8 million for the six months to December 2019, a jump from the $21.5 million pre-tax loss in the prior comparable.. read more

Diversified financial services provider MyState Limited continued to benefit from its digital make-over, announcing a net after tax profit of A$15.1 million for the half-year to December 2019, up 5.4.. read more

New Zealand's fifth largest bank, Kiwibank, reported a net profit $9 million below its December 2018 result, with higher operating costs biting into margins. read more

Low interest rates in Australia are likely to weigh on domestic lenders' margins and earnings over the next two years, and mutual ADIs are particularly vulnerable, says a report from S&P Global Ra.. read more

APRA-regulated entities, and APRA itself, should be held to a higher standard of accountability says the regulator's deputy chair. read more

Lenders and mortgage brokers predict the nation's overall home loan marker to keep expanding this year, although the major banks may lose out. read more

Lacklustre investigation into probable breaches by financial planners leaves AMP embarrassed and its management failings recounted in detail by the Federal Court. read more