Bell Group's banks bury the bad news 18 September 2013 4:37PM 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 18 September 2013 4:34PM 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 18 September 2013 4:33PM 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 17 September 2013 4:23PM 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
iSelect revenue in the spotlight 17 September 2013 4:22PM The revenue "miss" by financial comparison website iSelect in its June 2013 full year is the subject of an investigation by ASIC. read more
NAB screws down staff costs 16 September 2013 4:44PM 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
Amex confident of keeping merchant fees up 13 September 2013 4:10PM American Express is confident it can maintain its premium level of merchant fees, even as "network" or co-branding becomes more important. read more
Banks' payout on Bell Group loan affair could be A$3 billion 12 September 2013 4:57PM Banks may finally make use of their provisions for their 28-year-old - and more than 20-year impaired - loans to Bell Group. The company, which became an arm of Alan Bond's business empire, failed a.. read more
APRA rings bell on high LVR lending 11 September 2013 4:42PM Banks are doing more lending at high loan-to-valuation ratios that are in excess of 90 per cent, a trend that is alarming APRA. read more
Brake needed on dividend payouts 11 September 2013 4:38PM 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