NAB patent folly flops 23 June 2014 3:27PM An idiosyncratic investment of National Australia Bank has come to an end, crushed by a unanimous decision of the Supreme Court of the United States. read more
Box Hill branch focus of CBA fraud probe 23 June 2014 3:26PM Commonwealth Bank's Box Hill branch in Melbourne was allegedly the pivot for a long running fraud now the subject of prosecutions. read more
Financial deepening bypasses banks 20 June 2014 4:01PM Australian banks can expect the equivalent of US$166 billion in new corporate financing business to be fulfilled by the debt capital market over the next five years, Standard & Poor's conclude in.. read more
Europe ripe for bank attack 20 June 2014 4:00PM Europe stands out as the region that will experience the highest constraints on bank lending, Standard & Poor's said in a new study. read more
Banks still lag in fund returns 20 June 2014 3:57PM Super funds operated by the big banks still trail the industry leaders in generating a passable crediting rate on managed funds. read more
JB Were profit only $10m 19 June 2014 3:52PM JB Were had "revenue of approximately A$150 million and costs of approximately $140 million in 2013", Paul Heath, a former CEO of JB Were, disclosed in evidence to the Fair Work Commission. read more
JB Were exists for the 'enrichment of its advisors' 19 June 2014 3:50PM The National Australia Bank executive responsible for its wealth arm holds an extremely negative view of an influential advisory business for which he is responsible, according to claims made in a FWC.. read more
Investment banks cited in Newcrest sanction 19 June 2014 3:49PM Equity analysts at Bank of America Merrill Lynch and Credit Suisse were the first to benefit from controversial guidance from gold mining company Newcrest in 2013. read more
Cashcard, ACCC to give ATM deal 10 more years 19 June 2014 3:48PM An application by Cashcard to continue an agreement with three credit unions and two banks not to charge each other's cardholders a fee for transactions at their respective ATMs for ten years has been.. read more
CEFC saved a second time 19 June 2014 3:48PM The Clean Energy Finance Corporation will remain in business a little longer yet, after the Senate voted down a bill to abolish the financier yesterday. read more