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Commonwealth Bank will have to cough up $3 million to thousands of branch staff who were told they were not allowed to take ten minute rest breaks in the last six years. read more

Financially challenged global buy now pay later provider Klarna has revamped the board of its Australian operation for the second time in less than a year. read more

The push by government agencies to mandate real time payments in critical parts of the financial services industry is set to generate more opportunities for startups to build scale swiftly. read more

Key shareholders of troubled personal lender Latitude Financial have restructured their holdings in the company, triggering speculation that one or more might be looking to reduce their interest in th.. read more

AMP shareholders who sued the company over its failure to disclose to regulators its notorious fee-for-no-service practices have settled the case for A$110 million. read more

The Payments System Board will mandate the rollout of least cost routing services by Australian banks unless they lift their performance by the middle of next year. read more

ANZ’s retention of cashback mortgage offers helped to deliver slight market share gains against its major bank peers in the June quarter, according to disclosures published on Thursday by the bank. read more

Existing shareholders of troubled ASX-listed buy now pay later provider Splitit Payments Limited are set to lose control of the company under a US$50 million rescue plan struck with US private equity.. read more

An Australian fund manager with mandates from a string of leading superannuation funds is continuing to offload its exposure to AMP. read more

NAB is set to return more capital to shareholders after announcing a fresh on-market purchase of up to A$1.5 billion worth of its ordinary shares. read more