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ASIC has raised serious concerns about the effectiveness of Macquarie Bank’s transaction monitoring systems after it launched a civil action against the bank for not screening unauthorised transaction.. read more

A director of Queensland-based buy now pay later provider, Pay It Later Pty Ltd, has filed an application in the Federal Court to wind up the company. read more

A surge in mortgage lending volumes at Citigroup’s Australian subsidiary could result in National Australia Bank having to pay more than $A1.2 billion to acquire the American bank’s local consumer ban.. read more

Westpac has moved to shield its reputation as a supporter of pay equity in the banking industry after announcing it will remove so-called “pay secrecy” clauses in staff contracts. read more

TechStacked, the company formerly known as Xinja Bank, has suffered a major blow to its hopes of becoming an investment platform provider. read more

HSBC Bank Australia has emerged as another big beneficiary of the Reserve Bank’s Term Funding Facility. read more

Citi Australia confirmed yesterday that it will stop issuing cheque books next month as customers flock to digital ways of paying. read more

In a move almost certain to make waves across the banking industry, the Finance Sector Union yesterday signalled a shift in its wages bargaining strategy after it submitted a revised enterprise pay cl.. read more

Deutsche Bank’s chief economist Phil O’Donaghoe believes recent shifts in the rhetoric of Reserve Bank Governor Philip Lowe show he is already priming Australians for a hawkish turn in monetary policy.. read more

Reignition of inflationary expectations throughout the Australian economy is about to complicate and possibly derail enterprise negotiations between the Finance Sector Union and several banks in the n.. read more