Westpac liable for flawed SMSF strategy 12 March 2014 5:25PM A corporate executive turned local politician and his wife have been partly successful in their Supreme Court of Queensland action against Westpac after implementing a self-managed superannuation fund.. read more
Queensland banks endorsed by Moody's 07 March 2014 5:07PM Moody's Rating Service has its upgraded its long-term rating for Bank of Queensland to 'A3' from 'Baa1'. This decision follows Standard & Poor's upgrade of BOQ's long-term issuer credit rating to.. read more
SocietyOne has no peers 07 March 2014 5:06PM Reports earlier this week that the new Westpac-backed venture capital fund Reinventure Group had taken a million stake in peer-to-peer lender SocietyOne missed the point. Westpac was not buying into a.. read more
Australian Defence Credit Union launches RSL Money 07 March 2014 5:04PM A joint banking venture between the Returned and Services League of Australia and the Australian Defence Credit Union, to be known as RSL Money, was announced yesterday. read more
Teachers Mutual caned for cashing uncleared cheque 26 February 2014 4:54PM The New South Wales Court of Appeal, by a majority of two judges to one, has granted a former high school teacher, Robert Dunwoodie, the right to appeal against a District Court judgment in favour of.. read more
Business payments remain slow: D&B 26 February 2014 4:43PM The time taken by Australian businesses to pay each other has not improved over the past year, according to Dun & Bradstreet's latest trade payments report. On D&B's analysis, during Q4 2013 b.. read more
ANZ Capital Notes 2 issue upsized ahead of bookbuild 19 February 2014 5:06PM Following strong investor demand for ANZ Capital Notes 2, the bank will lift the amount allocated to the bookbuild process from A$1.0 billion to $1.3 billion. The annual margin for the proposed issue.. read more
BOQ wins against former NSW owner managers 14 February 2014 5:49PM The Supreme Court of NSW yesterday dismissed claims made by 11 former New South Wales franchisees against the Bank of Queensland. The claims were for compensation for losses suffered as a result of th.. read more
BOQ has double victory in Federal Court 06 February 2014 5:40PM Federal Court action by former property developer, and major Bank of Queensland business customer, Jacqueline Mulhern, to annul a sequestration of assets order made against her was dismissed yesterd.. read more
Moody's reports on customer-owned model 05 February 2014 5:34PM In a special report, Moody's Investors Service said it expects Australia's mutual financial institutions to remain under pressure in 2014. Increased competition for both loans and deposits on the b.. read more