Newcastle Permanent increases in all directions

Newcastle Permanent released its results for 2016/17, revealing it had another good year as customer deposits increased by 11.1 per cent, propelling total funding to A$9.9 billion, and helping to make.. read more

Average focus, below average outcome

A boutique fund manager has asserted that the Australian corporate bond market - unlike other many other overblown asset classes - currently represents fair value for investors. read more

Which bank did an IT offshoring deal?

The Commonwealth Bank has leapt into action after reports emerged that it was "outsourcing" aspects of its IT security, stating that "reports suggesting we are stepping back from cyber security are in.. read more

First largescale cost for ATM reprogram

US company Cardtronics, operator of ATMs in several countries - including Australia - was caught out by the Big Four's move to remove transaction fees on their fleets of cash machines. read more

Australia's fintech sectors take of

A report by research teams from Cambridge Centre for Alternative Finance, the Tsinghua University Graduate School at Shenzhen and the Australian Centre for Financial Studies at Monash Business Scho.. read more

CBA to sell life insurance businesses to AIA

In a move pitched as giving its customers a wider and deeper range of bancassurance choices, the Commonwealth Bank of Australia is set to sell all its life insurance businesses in Australia and New Ze.. read more

Fed begins to unwind quantitative easing

The US Federal Reserve has announced that, starting in October 2017, it will gradually and predictably reduce its securities holdings by decreasing the reinvestment of principal payments held in the S.. read more