404

Telstra has hired former senior banker Paul Fegan to run strategy and corporate services. read more

A new three-year deal with the Finance Sector Union sets out rises for NAB staff. They'll match expected inflation only by meeting new performance hurdles. read more

In its submission to the Senate's bank competition inquiry, Australia Post has shown no signs of its much-rumored push to widen its range of banking services. read more

BankWest's new cross-platform media campaign continues with the long running "Happy Banking" theme but pitches to the WA market. It plays up BankWest's Western Australian heritage and its ongoing comm.. read more

The rationale for pricing of automatic teller machine fees will be subject to an experiment in flood affected areas of Queensland over the next month as ATM owners agree to waive fees charged to custo.. read more

Regulators will have the right to determine when hybrid capital instruments such as preferred shares and subordinated debt must either be written off or converted into ordinary shares under rules publ.. read more

Bank of Queensland suspended internet banking services to customers for most of yesterday because of unspecified issues arising from the flooding along the Brisbane River. read more

Westpac replied yesterday morning, via the media, on our report in yesterday's newsletter about the board's restlessness concerning chief executive Gail Kelly and its search for a new CEO. read more

Banks would make losses in the second year and scant profits in the first and third years of a stress test exercise undertaken by APRA and published yesterday in its occasional title Insight. read more

Westpac's board is becoming restless over the bank's direction, with talk circulating of plans to replace the chief executive, Gail Kelly, this year. Search firm Egon Zehnder is believed to have a m.. read more