Mambo may be ready in a year

Major banks are working to a December 2011 deadline to allow online payments from a debit account, a project known as Mambo, or "me at my bank online". read more

Smith unimpressed with Hockey bank-bashing

Mike Smith, chief executive of ANZ, yesterday scorned the new policy towards banks announced by the Opposition's shadow treasurer, Joe Hockey, earlier in the week, including the call for an inquiry in.. read more

No collective provision for ANZ NZ

For the first time in four years, ANZ New Zealand made no collective provision for loan impairments because of moderating risk levels across its businesses. read more

Patchy progress for ANZ in Asia

ANZ changed how it presented its Asian businesses' earnings in the full-year financial results published yesterday, making indicators of progress in a region of great strategic interest to the bank.. read more

S&P riding credit wave

Standard & Poor's is springing back from its own bruising encounter with the credit shock and has an ever-busier financial market to thank for the revival in its fortunes. read more

Prospects subdued for CBA

Its counterparts may be on the verge of reporting a handsome recovery in profit, but Commonwealth Bank, the sector leader, yesterday cautioned its shareholders on the earnings outlook. read more

Tax back a profit problem for Westpac

Westpac will reduce its tax bill by $635 million in the financial year just ended, following resolution of most of the tax consolidation issues surrounding the takeover of St George Bank in early 20.. read more

The Rock replaces CEO

Derek Lightfoot, chief executive of The Rock Building Society, left the firm on Friday and has been replaced by Stuart McDonald as interim CEO. read more