Sherwin Financial Planners collapse draws 10-year prison sentence 15 November 2017 5:47PM Following an ASIC investigation, Bradley Sherwin (the former principal of Sherwin Financial Planners Pty Ltd and chairman of Wickham Securities Ltd) has been sentenced to ten years in prison for fraud.. read more
Hammond Review unleashes a mutual bond option 10 November 2017 6:06PM The extra capital available to mutual banks under the changes recommended by Greg Hammond in his review of the sector - part of a clear government "charm offensive" against the major banks - will enab.. read more
Home loan demand drops but first home buyers benefit 10 November 2017 6:02PM The latest Australian Bureau of Statistics trends for housing finance in the months to September 2017 show strong growth in the number of loans to first home buyers - although this was driven mainly b.. read more
ING Australia ends all ATM and online shopping fees globally 10 November 2017 6:00PM ING Australia is ramping up its efforts to reward existing customers and attract new account holders - provided they bring enough business to make ING their main bank - and is ending ATM fees globally.. read more
Eftpos automates dispute resolution 10 November 2017 5:59PM National payments system eftpos has developed a new service to resolve disputed transactions between the members on its service more simply. One advantage of a centralised dispute processing sys.. read more
GlobalData NPP report warns banks against underinvestment 10 November 2017 5:57PM The price tag for Australian banks to bring the country's New Payments Platform into operational service this year is estimated to be US$785 million (A$1 billion), according to analysts at GlobalData. read more
Hammond Review backs large-scale rule changes to free up mutual sector 09 November 2017 6:01PM The mutuals sector could be about to enter a new era of competitive funding - if the recommendations made as a result a review into how to support cooperatives, mutuals and member-owned firms in Austr.. read more
Mutuals sector reacts positively to Hammond Review 09 November 2017 5:59PM Gregory Hammond's report into how to free up mutuals to take on a wider choice of funding options was met with widespread acclaim by major players in the mutuals sector. read more
CBA reports unofficial boom Sept 2017 quarter 09 November 2017 5:27PM CBA released its unaudited trading update for the first quarter of its 2017/18 financial year, showing the bank apparently shrugging off reputational and regulatory woes. read more
Government to sell out of RMBS 09 November 2017 5:26PM The Commonwealth government is to auction off the Australian Office of Financial Management's entire current holdings of residential mortgaged-backed securities, comprising its remaining investments i.. read more