Narrow banking scorned by Laker

APRA chair John Laker shot down a possible topic for lively debate yesterday that may be addressed by the forthcoming financial system inquiry. read more

Foreign branch banks in clover

Foreign banks are well in the black, reporting the kind of profit margins last seen before the global financial crisis. Quarterly data on bank performance produced by APRA shows foreign branch banks.. read more

Aged need public line of credit

The Productivity Commission is pushing once more for the Australian government to promote an equity release scheme to help fund the costs of aged care services.Aged need public line of credit read more

ME Bank stretches funding

ME Bank aims to develop a wholesale debt curve, following its debut sale of A$325 million in senior debt funding on Friday. read more

Twice as many merchants taking payments cards

The number of merchants accepting Visa and other payments cards worldwide may double over the next five years because of the proliferation of mobile commerce applications that target once hard to r.. read more

ATM demand in decline

The business model for independent operators of automatic teller machines in looking shaky, with demand continuing to fall away. And, in response, ATM owners are cutting back the number of machines de.. read more