OAIC spells out problem areas in protecting personal information 27 January 2015 5:00PM Credit providers and other organisations handling personal information typically strike trouble meeting their obligations to protect that information when they "over-collect", when they fail to contro.. read more
Briefs: BOQ director resigns, NAB class action deadline looms, more Britons switch accounts, Wells F 27 January 2015 4:55PM Long-serving Bank of Queensland director Steve Crane has resigned from the board. read more
Out-of-cycle variable rate changes now standard business practice 23 January 2015 5:10PM One of the most significant retail banking developments during 2014 was the willingness of mortgages lenders to make out-of-cycle changes to variable home loan rates. read more
Households added to their savings over the Christmas period 23 January 2015 5:07PM Close to half of all households added to their savings in the December quarter, indicating that Australians are maintaining conservative financial goals. read more
Teachers Mutual Bank and Unicredit to merge 22 January 2015 4:58PM Teachers Mutual Bank plans to retain the Unicredit brand if a proposed merger between the two mutuals goes ahead. read more
Consumer credit demand soft 21 January 2015 4:41PM Applications for personal loans fell in the December quarter, suggesting that the sluggish conditions in the consumer credit market are not going to turn around any time soon. read more
Unemployment accounts for one-third of personal insolvencies 21 January 2015 4:36PM Unemployment and loss of income were the main causes of personal insolvency during the 2013/14 financial year. read more
Briefs: Leadership changes at Firstfolio, Wide Bay moves to bank status 21 January 2015 4:34PM Firstfolio's new chief executive, Peter Andronicos, has made some changes to the leadership team at the mortgage specialist. read more
ANZ to sell Esanda 20 January 2015 5:44PM ANZ is preparing to sell is vehicle and equipment finance business, Esanda, according to a report in the Australian Financial Review. The business has A$16.2 billion of loans and leases. read more
Westpac drops OzForex account 20 January 2015 4:23PM Westpac has widened its review of its banking relationships with companies involved in foreign exchange markets and has added forex service providers to the list of businesses it will no longer provid.. read more