Bank cyber calamity ‘too close for comfort’ 27 November 2020 5:57AM The thin credentials of the Australian finance industry’s most senior people - bank boards included - stand exposed after a landmark (and devastating) speech yesterday by APRA member Geoff Summerhayes.. read more
S&P NOHC AMP Capital Notes beyond junk 27 November 2020 5:54AM With changes in the AMP group's business mix, S&P Global Ratings is clearer what form of financier AMP really is: 'We now assess it to be mainly a banking group'. read more
Debelle works the Lowe-rate RBA 25 November 2020 6:18AM READ ON ONLY IF YOU ACCEPT THE TERMS OF ACCESS AND USE FOR BANKING DAY. read more
Queensland Country hugs Maleny 19 November 2020 6:06AM The MCU board on Wednesday told members it “has unanimously resolved to engage in a merger with Queensland Country Bank. read more
MCU braces 18 November 2020 6:09AM MCU Ltd is facing legal action from Ezifin over an aborted takeover bid. read more
Xinja caps deposit interest at $50k 17 November 2020 5:55AM Xinja Bank has imposed a cap of A$50,000 on the level of deposits in its Stash account on which it will pay interest. read more
Xinja burns latest cap raise 16 November 2020 6:11AM Xinja Bank’s ‘pillar 3’ report for the September 2020 quarter suggests its losses over the quarter burned through most or all of the $10 million capital raised that month. read more
Liquidity stretches smaller banks 13 November 2020 6:04AM In a financial crisis like no other, liquidity is abundant, excessive even. CUFSS, the mutual ADI backstop, is using the crisis to evolve a broader-based mechanism to bolster small banks shocked by th.. read more
‘Substantial hardship’ in credit reform 05 November 2020 5:56AM Removing responsible lending obligations from the National Consumer Credit Protection Act is no simple business, and nonsensical as well. read more
Banks offload Beem It to Eftpos 04 November 2020 6:52AM Beem It, a little-used alternative to Osko and the New Payments Platform, has been bought by Eftpos. read more