MyState looking for expansion opportunities

MyState Financial says it aims to "retain… capacity for both organic and inorganic growth opportunities", a sign it may be a bidder once more for small-scale deposit taking entities. read more

Banking security algorithms compromised

Western security services have undermined "the major tools protecting the privacy of everyday communications in the internet age", including in banking transactions, newly disclosed documents from a.. read more

Bank capital rules subject to another review

The Financial Stability Board says it is undertaking a strategic review into whether the current capital framework achieves the right balance between simplicity, risk sensitivity, and comparability.. read more

APRA weakens on church funds

Little scrutinised deposit-taking entities, many of them run by churches, have succeeded in persuading the Australian Prudential Regulation Authority to soften a proposed clamp down on their se.. read more

iSelect revenue wobbly

iSelect is earning higher margins from the sales leads it produces for banks and utilities, but is making less from health insurance, with this starting just weeks before the end of its financial ye.. read more

Deposit insurance supported by Coalition

A deposit insurance scheme would likely be introduced by a Liberal and National Coalition government along the same lines as that proposed earlier this month by the Labor Government. read more

Insurance for nothing from ASIC

More than 30,000 car owners will have specialised car insurance premiums refunded yet maintain their insurance cover after the Australian Securities and Investments Commission forced 15 car finance.. read more

Bank customers take their time

People looking for banking products typically take more than a month to consider their options, and most undertake research online that influences them greatly, a study by Google Australia has found.. read more