Bell Group's banks bury the bad news

The long running court case involving Bell Group and its banks ended yesterday in a "pragmatic" settlement for an undisclosed sum. The parties announced the matter had been settled after almost 20 yea.. read more

ME Bank jumps into modern era

ME Bank says it expects to complete its three-year technology overhaul on time by the second half of next year. The bank has a A$60 million budget for the project, which it says "will make it one of.. read more

DC Payments wrangles with Next

Legal jousting by ATM deployer DC Payments and a former staff member is occupying court time and providing a forum for a contest with the firm's newest competitor, Next Payments. read more

Retained earnings support banks and economy

The lift in dividend pay-out ratios by Australian banks is out of kilter with worldwide trends, which have seen internationally active banks curb dividends to build capital, according to analysis by.. read more

NAB screws down staff costs

National Australia Bank is dragging the chain on staff pay rises. The Financial Sector Union said that last week NAB had made "the lowest pay offer among the big four banks." read more

Brake needed on dividend payouts

Increased dividend payout ratios and other measures that reduce capital are concerning APRA. In its journal, Insight, the regulator highlights recent steps taken by the banks to "implement various c.. read more