Alipay advanced talks underway 13 June 2018 4:48PM Each of the four major banks are apparently in talks with Alipay's Australian management to embed the Chinese payments platform in local merchant terminals. read more
AMEX resets strategy after CBA axes companion card 07 June 2018 4:55PM American Express faces further declines in market share this year as Commonwealth Bank prepares to stop marketing AMEX-branded companion cards in November. read more
ASIC "queries" delay Prospa listing 07 June 2018 4:50PM Small business lender Prospa Group yesterday shelved its widely anticipated stockmarket listing after the Australian Securities and Investments Commission queried the terms of the company's standard l.. read more
Mastercard goes to battle over revised tax bill 06 June 2018 4:54PM Mastercard has revealed that it is in dispute with the Australian Tax Office after one of its local subsidiaries was slapped with amended tax assessments on past earnings. read more
Big names on the line in ACCC cartel crackdown 06 June 2018 4:51PM Six senior bankers, including the former chief executives of Citigroup and Deutsche Bank in Australia, have been charged with criminal offences following a two-year investigation of ANZ's controversia.. read more
CBA scores a bargain on Austrac settlement 05 June 2018 4:48PM No matter which way you cut the numbers, Commonwealth Bank should count itself extremely lucky with the A$700 million deal it has negotiated with Austrac to settle its chronic non-compliance with Aust.. read more
Austrac pain not over for CBA 05 June 2018 4:46PM Lawyers mounting the class action against Commonwealth Bank for not disclosing anti-money laundering breaches before last August say their case has been strengthened by the record settlement of Austra.. read more
PC reforms a death knell for banks in retail super 30 May 2018 4:49PM If the Productivity Commission's draft recommendations for overhauling the retirement savings system are implemented, the business case for bank-owned superannuation offerings could wither rather quic.. read more
Westpac NZ arm won't be compliant until 2019 29 May 2018 4:57PM Westpac's New Zealand banking arm does not expect to fix its non-compliant risk management systems until next year, but insists it is making progress on the remediation program. read more
Major banks put RMBS on the backburner 29 May 2018 4:50PM Australian mortgage securitisation activity has slowed sharply this year as major banks and other ADI lenders tap wholesale markets and retail depositors to fund their home loan operations. read more