ANZ inks sale of Trustees business to Equity Trustees 11 April 2014 3:58PM ANZ has agreed to sell ANZ Trustees to Equity Trustees for A$150 million, creating what the two companies have termed "a new strategic relationship" for exclusive client referral and service arrangeme.. read more
Mansfield steps up pace of eftpos evolution 10 April 2014 4:45PM Card issuers and acquirers will start deploying the eftpos chip technology on scheme debit cards and on terminals in the second half of the year. read more
Fitch positive on Australia and NZ bank sector 04 April 2014 5:04PM The 2013 year showed a much stronger level of profitability and balance sheet improvement in the Australia and NZ banking sector, according to Tim Roche, senior director for financial institutions&nbs.. read more
Disruptive tech players to threaten Big Four 03 April 2014 5:37PM Australia's major banks face competitive threats from technology companies, with brand recognition and a physical branch presence becoming less relevant to an increasing number of customers. read more
Court rules ASIC documents on Allco collapse to remain confidential 03 April 2014 4:50PM Two shareholders of Allco Finance Group have failed in their Federal Court application to obtain documents relating to an investigation by the Australian Securities and Investments Commission into the.. read more
Home loan rate cuts boost customer satisfaction levels 28 March 2014 4:46PM The home loan interest rate reductions over the last two years have increased overall satisfaction levels among the Australian banks' customers, according to Roy Morgan Research. read more
Developer fails to prove economic duress by Bankwest 26 March 2014 5:49PM A former derivatives trader and self-described "enthusiastic amateur property developer and land banker", James Woodward Neale, has failed in the Supreme Court of New South Wales to show that the Bank.. read more
Australian houses get bigger, more affordable 21 March 2014 4:42PM There's been a lot of attention paid to Australian house prices and affordability in recent days. (When hasn't there been in the last 20 years?) read more
ANZ sells new 10-year sub debt to US investors 14 March 2014 5:34PM Fixed income investors were keen to get on board ANZ's latest sub debt deal in the US this week. Overnight Thursday, the bank raised US$800 million via a new issue of Basel III compliant Tier 2 10-yea.. read more
PwC survey eyes bank of the future 14 March 2014 5:32PM A global report prepared by PricewaterhouseCoopers, 'Retail Banking 2020: Evolution or Revolution', has found 55 per cent of senior retail bank executives believed non-traditional new players were a.. read more