Lending Club IPO moves a step closer 29 August 2014 4:08PM There is a lack of hype about "peer to peer lending" in the prospectus for the IPO of US consumer lending challenger Lending Club. In fact, that term is entirely absent from the company's own document.. read more
KWM argues against rapid rule changes 29 August 2014 4:06PM The second round of public submissions for the Financial System Inquiry closed on Tuesday, and the slow release by several industry advisers continued yesterday. One submission came from major law fir.. read more
KPMG warns against over-regulation 28 August 2014 4:31PM In its second submission to the Financial Services Inquiry, KPMG started off with a suggestion that the cumulative impact of regulation be calculated first. The firm raised the importance of a cost be.. read more
Small players want a level playing field 28 August 2014 4:21PM The Customer Owned Banking Association yesterday released its second submission to the Financial System Inquiry, repeating its call for further competition in the Australian banking sector. COBA.. read more
Murray: Australia cannot avoid further bank regulation 22 August 2014 4:18PM In a presentation at yesterday's Centre for International Finance and Regulation workshop on the Financial Services Inquiry, its chairman, David Murray, outlined the extent of his panel's discussions.. read more
Bankers Association calls for non-regulatory changes 22 August 2014 4:12PM The banking industry will be suggesting that, when making its final recommendations, the Financial Services Inquiry "take into account a number of points" - most of which involve minimal c.. read more
Contactless to dominate small payments world by 2020 21 August 2014 4:01PM Business information analysts at IBISWorld expect contactless payment methods to "all but replace" physical credit and debit card payments by 2020 for transactions under $100. read more
Suncorp Bank's core tech upgrade on track to deliver 21 August 2014 4:00PM Independent stock market research house Fat Prophets has been impressed with last week's FY 2014 profit report from Suncorp, giving the banking division's technology upgrade an interim tick of approva.. read more
Big Four business customer satisfaction edging upwards 15 August 2014 3:49PM The satisfaction levels among business customers of the four major banks reached 66.7 per cent in July 2014, an increase of 2.4 percentage points since July 2013, and the highest level since 2010, acc.. read more
Securitisation the bank funding sleeper in 2014 15 August 2014 3:48PM The Australian securitisation market is expected to be boosted by several large new asset-backed issues, according to one team of bank analysts. "With Bendigo and Adelaide Bank, Suncorp and the CBA.. read more