ANZ supports limits on negative gearing 03 June 2011 4:46PM ANZ's Australian CEO, Phil Chronican, questioned the merits of residential property as an investment option in a speech yesterday, as well as the suitability of tax deductions on loan repayments on.. read more
Long road back for NAB 01 June 2011 4:50PM More evidence is emerging of National Australia Bank's progress in its retail banking strategy in Australia. The segments of business performing best for NAB are deposits gathered under the UBank br.. read more
Slow steps for Westpac in China 01 June 2011 4:45PM Westpac said yesterday that it planned two more branches in China "in the medium term". The bank received final approval to open a branch in Beijing from the China Banking Regulatory Commission, the.. read more
Lights out for outdated Eftpos equipment 01 June 2011 4:39PM Paymark will begin to disable around 4000 Eftpos terminals in New Zealand, starting today, after merchants opted, or neglected, not to upgrade their devices in line with an edict to upgrade to the l.. read more
Deposits decline at Kiwibank 31 May 2011 4:22PM Kiwibank reported a profit of only NZ$1 million for the March 2011 quarter as the government-owned bank took a NZ$26 million charge for bad debts - practically all of it needed to cover provisions f.. read more
Maleny's board sees no alternative to merger 31 May 2011 4:18PM Members of the Maleny Credit Union will vote on the mutual's future on 25 June, after the board of directors sets a date for the contested merger with Brisbane-based Credit Union Australia. read more
Lower deposit guarantee cap proposed 30 May 2011 4:46PM With less than five months to run until the expiry of the present cap of A$1 million on the Australian government guarantee on bank deposits, financial regulators have finally published their views.. read more
Four years to modernise super payments 30 May 2011 4:37PM The superannuation sector, and employers who make super payments, may have until 2015 to adjust to the processing and administration reforms of these payments proposed by the Cooper Review. read more
Android smartphones prepped for payments 27 May 2011 4:41PM MasterCard, First Data and Citibank are the leviathans of the banking world that will make the much-anticipated Google Wallet work as a payments product. Google introduced the mobile payment technol.. read more
Pepper buys tired loan book from GE 26 May 2011 4:46PM Pepper Homeloans has emerged as the buyer of the A$5.1 billion residual home loan book of GE Capital, which the vendor said it sold at "only a very small discount" to book value. read more