Carnell describes new NAB transaction fee as 'stupid' 21 February 2018 5:59PM National Australia Bank has come under fire from federal small business ombudsman Kate Carnell for its decision to impose a new transaction fee on business customers making real time payments through.. read more
ANZ steps up home lending 21 February 2018 5:55PM ANZ renewed its strategic push into the mortgage lending market in the December quarter, with the bank boosting its exposure to home borrowers by more than A$3.3 billion. read more
NAB to hit businesses with a new 'fast payments' fee 20 February 2018 5:27PM National Australia Bank has notified business customers that every real time transaction made via the NAB Connect internet banking site to initiate Osko payments with a PayID will incur a fee. read more
Alternative lenders issue bullish profit outlooks 20 February 2018 5:26PM The share prices of listed alternative lenders, Money 3 and Cash Converters International, surged on Monday after both companies exceeded earnings forecasts for the December half. read more
Rising margins shield Auswide earnings from lending slowdown 20 February 2018 5:24PM Margin recovery following a regulatory clampdown on investment lending has emerged as a dominant theme of the December half trading period, with ASX minnow Auswide Bank the latest lender to improve ea.. read more
Staff culls start as NAB re-positions for digital future 20 February 2018 5:23PM The first waves of an eventual 6000 redundancies at NAB, flagged by the group's managing director Andrew Thorburn in early November, are expected to hack away middle management and back office roles a.. read more
APRA to punish over-exposures to 'non-standard' mortgages 15 February 2018 5:29PM Australian banks will be given additional incentives to compete for conventional owner-occupier home loans as opposed to investment and "non-standard" mortgages under a new capital risk regime propose.. read more
APRA rediscovers the merits of simple banking models 15 February 2018 5:28PM Under a proposed new simplified prudential framework APRA has indicated it will provide relief to small deposit takers from much of the complexity of Basel 3 compliance. read more
Fintechs lay down for scrap with NPP banks 14 February 2018 5:31PM Fierce battles are set to erupt between start-up payments providers and the major banks over pricing and access to the nation's real time payments platform that was officially launched to the public o.. read more
CBA, NAB and Westpac set to miss royal commission deadline 13 February 2018 5:24PM Financial services royal commissioner Kenneth Hayne yesterday issued a warning to Australian financial institutions after he revealed some large financial institutions would not be able to meet his re.. read more