Unfair card practices inb a rut

A second ASIC report into changes lenders are making to allow their customers to cope more effectively with credit card debt can best be described as a mixed report card. read more

Card fraud rates keeep climbing

The year to 30 June 2018 saw card fraud in Australia climb to A$565 million, an effective growth rate of 4.8 per cent, a consequence of rising card-not-present fraud. read more

Westpac AGM showcases shareholder discontent

Westpac's AGM involved a wide ranging discussion on topics as far apart as climate change and new accounting standards for loss provisioning in the lead-up to the very heavy first strike against th.. read more

Avoka leaps to Temenos

The mid-sized Australian banking technology company Avoka is to be acquired by Geneva-headquartered banking software company Temenos for US$245 million. read more

Macquarie Group given positive outlook by S&P

Major ratings agency Standard and Poor's revised their outlook on Macquarie Group from stable to positive on the back of the group's move to a simplified structure, and the absence of any adverse test.. read more

BOQ banker becomes a cash convert

Bank of Queensland has lost another of its top executives with the resignation yesterday of Brendan White, group executive BOQ Business, to take up a role as CEO of payday lender Cash Converters. read more

Banking all mobile

Market research firm Roy Morgan has found that a rapid rise in mobile phone banking has caused an equally large fall-off in bank branch visits, although branches are still valued by high-income househ.. read more

Sutton resigns as BOQ chief

After six years with Bank of Queensland, its managing director and chief executive officer, Jon Sutton, has resigned to focus on his long-term health. The move follows his triple heart bypass operatio.. read more