RBA scathing at slack BECS decommissioning prep

Alarm bells are going off at the Payments System Board: the time for yabbering about decommissioning BECS is over, and the time to figure everything out, and study all the costs and comprehend all th.. read more

Kiwibank trawls for capital

There will be no IPO of Kiwibank, probably, before 2028. In the meantime New Zealand’s government yesterday said it mandated Kiwibank to New Zealand professional investor groups about a potential inve.. read more

Banks pay scant scams compo

Banks are paying out very little in compensation to victims of scams and frauds, with $48 million paid to customers in 2023/24. read more

NAB prevails in NULIS class action

A representative action against NAB subsidiary NULIS Nominees (Australia) Limited in its capacity as trustee of the MLC Super Fund (No 4) has been dismissed by the Federal Court of Australia. read more

Lirantzis new Resimac CEO

Resimac Group yesterday said it will be appointing Pete Lirantzis as CEO, effective in the first half of 2025.   read more