329

Banks and payment companies will need to offer consumers additional benefits before large numbers start using their smartphones as mobile wallets, according to a panel of industry experts. read more

Yellow Brick Road is proposing to change its name to NonADI Holdings Ltd, to reflect the fact that it plans to operate a diverse financial services distribution business under a number of different br.. read more

The contraction in international banking activity that began in late 2011 came to an end in the first quarter of 2014, the Bank for International Settlements has reported. read more

After reporting very strong earnings growth for the year to March, Macquarie Group has come back to earth in the first quarter of its new financial year. read more

ME Bank has set a new benchmark for the pricing of residential mortgage-backed securities, paying just 75 basis points over the swap rate on the senior notes of its latest securitisation issue. read more

Research house Morningstar has assigned 'Hold' ratings to all three of the country's regional banks, arguing in a new report on the sector that Bendigo and Adelaide Bank, Suncorp and Bank of Queenslan.. read more

Competition in the mortgage market shifted to longer-term fixed rates yesterday, when three of the big banks announced cuts to their five-year rates. Two of the lenders, Westpac and Commonwealth Bank,.. read more

The number of Australian households with credit card debt has fallen dramatically over the past year, as people continue to focus on building savings and reducing consumer debt. read more

Online payments company Stripe has entered the Australian market with the claim that its platform will remove the "barriers" and "friction" that traditional merchant payment processing systems put in.. read more

Business and retail customers reported higher levels of satisfaction with their financial institutions during the 2013/14 financial year, with the satisfaction levels of both groups growing at similar.. read more