Chronican tells MPs fee grab was legal

While Phil Chronican yesterday moved swiftly to distance his company from the controversial observations of David Murray this week, not all of the NAB chief's messaging would have been welcomed by ASI.. read more

Bank chiefs reject David Murray rant

Two of the country's major bank CEOs have moved to distance their organisations from claims by AMP chairman David Murray that moves to re-regulate the local financial services market were returning th.. read more

NAB ditches introducer program

National Australia Bank's interim CEO Phil Chronican is binning the company's "controversial" introducer program that has triggered a string of fraud investigations into former staff of the bank. read more

Majors stick to SMSF lending freeze

None of Australia's major banks are reviewing their freezes on lending to self-managed super funds after the federal treasurer Josh Frydenberg rejected long-standing recommendations from regulators to.. read more

Murray takes command of AMP Bank

AMP Bank has undergone an overhaul of its governance processes that is set to transform the way the subsidiary operates within the shrinking financial services group. read more

Bendigo confronts mortgage backlog

Bendigo and Adelaide Bank has hired additional staff to deal with a backlog of mortgage applications that were delayed after the meltdown of the group's technology platforms last week. read more

IT's a batch payments crisis at Bendigo Bank

A rare two-day payments outage leaves Bendigo pacifying an irate depositor base today. The major grievance for thousands of customers was that Centrelink payments, salaries and other direct entry requ.. read more