NAB spruiks green credentials, plays down AML concerns 18 December 2017 4:54PM At Friday's AGM, NAB CEO Andrew Thorburn was keen to spruik the finance the bank was offering to projects supporting an orderly transition to a low-carbon economy and protecting environmental amenitie.. read more
CBA pushed further by Austrac 15 December 2017 5:55PM As was widely expected - indeed, it was foreshadowed by CBA itself - Australia's antimony laundering regulator Austrac served Commonwealth Bank with an amended statement of claim yesterday. read more
CBA files first round defence v Austrac 14 December 2017 6:22PM The Commonwealth Bank yesterday announced via an ASX statement circulated after close of trade that is has filed its response to the civil proceedings commenced by Austrac on 3 August 2017. read more
CBA accuses rivals of ignoring ATM deposit loophole 14 December 2017 6:21PM Despite admitting to shortcomings in its risk assessment procedures when introducing intelligent ATMs, CBA is also claiming the high ground over the limits it now sets on the use of the ATMs. read more
Banknotes are in, electronic AUD needs work: RBA 14 December 2017 6:17PM Opening the 2017 Australian Payment Summit in Sydney, Reserve Bank Governor Philip Lowe said: "I am being asked increasingly frequently: does the RBA intend to issue a digital form of the Austra.. read more
ANZ offloads life insurance arm to Zurich for $2.85bn 12 December 2017 5:54PM ANZ has completed its Wealth Australia simplification with the sale of its life insurance arm to Zurich Australia, raising almost A$3 billion in the process. read more
P&N Bank integrates data to boost growth 12 December 2017 5:48PM Fast-growing West Australian mutual P&N Bank has shown how smaller banks can catch up to the big players by thoughtful use of relatively low-cost technologies to link customer data across all appl.. read more
APRA keeps countercyclical capital buffer at zero 08 December 2017 7:24PM An often-overlooked - and so far unused - component of APRA's Basel III "macroprudential toolkit" was the focus of a speech to an Actuaries Institute Banking Seminar in Sydney by Pat Brennan, executiv.. read more
House Economics Committee pushes banks on CCR, eftpos 08 December 2017 6:54PM The House of Representatives Standing Committee on Economics yesterday tabled its third report on reforms of the Australian banking sector, making the case for forcing the issue on the routing of sale.. read more
Credit obligations still tripping up banks 08 December 2017 6:53PM Breaches of their provision of credit obligations by banks remains a key risk area, the Banking Code Compliance Monitoring Committee's annual report for 2016/17 reveals. read more