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BPAY Group has dropped several bombshells that could imperil the proposed union of Australia’s three domestic payments schemes. read more

Westpac has been forced to boost the paid up equity in its New Zealand holding company as part of its capital management of the group. read more

Citibank’s Australian retail banking business suffered a sharp fall in profitability last year as depressed economic conditions eroded revenue from credit cards and other lending activities. read more

The country’s largest annuity provider – Challenger Limited – has announced its plans to acquire Catholic Super’s tiny digital banking business, MyLife MyFinance Limited. But many banking industry wat.. read more

HSBC Bank Australia says it is continuing to cooperate with domestic anti-money laundering regulator AUSTRAC over its failure to report high value transactions involving offshore financial institution.. read more

Lower interest costs and market share gains in corporate lending helped to stem earnings runoff at ING Bank Australia last year, according to financial accounts lodged with corporate regulators. read more

Westpac’s 160 year involvement in the New Zealand banking sector might have reached an inflection point with the bank confirming on Wednesday it was mulling options to offload all or part of its Kiwi.. read more

Payments industry stakeholders are drawing new battlelines in the debate over the proposed union of the three domestic schemes – BPay, Eftpos and the New Payments Platform – after shareholders submitt.. read more

Payments executives at Australia’s major banks underestimated Square. read more

There’s a big picture story behind the push by CBA and Mastercard into buy now, pay later that goes beyond crushing Afterpay. read more