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Thousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by.. read more

Former Reserve Bank Governor Bernie Fraser has weighed into the debate on whether executive governments should be prevented from challenging the central bank’s decisions on monetary policy. read more

Credit impairments and asset quality are on the slide at Judo Bank, inevitably. And now Judo has anointed Chris Bayliss as its new CEO, as Joseph Healy exits stage left. read more

Afterpay customers have been hit with late fee notifications after a systems failure resulted in direct debit transactions not being processed by the company. read more

National Australia Bank is about to exit Australia’s booming charge card market after notifying customers last week of its timetable to terminate all business and corporate cards issued through its Di.. read more

Volume growth in AMP’s banking arm stalled in the December 2023 half as tumbling interest margins forced the company to pull back on home lending activity. read more

Australian businesses are continuing to flee ING Bank after tolerating years of uncompetitive rates on savings and term deposit accounts. read more

ANZ will slash up to 170 jobs in its commercial banking division ahead of a restructure of business operations in the coming months. read more

Investment analysts yesterday issued earnings upgrades for ANZ after the bank confirmed it had sustained momentum in mortgage volumes in the December quarter and incurred only a slight uptick in loan.. read more

Institutional investors will probably remember Ross McEwan’s stint at the helm of accident-prone NAB as a ‘turnaround story’, but some aspects of his legacy are unlikely to be fully measurable for sev.. read more