NAB targets bigger share of broker market 26 June 2014 3:55PM In a bid to increase sales of mortgages through brokers, National Australia Bank will rebrand its broker-only product range and change its commission structure. read more
Westpac and Bankwest get amongst the credit card gongs 26 June 2014 3:52PM Several of the big banks have, over the past year, shown a renewed interest in growing their credit card market share and figures from the Australian Prudential Regulation Authority show that both Wes.. read more
S&P will have to defend Lehman investors' claims 25 June 2014 4:09PM The Federal Court has denied Standard & Poor's leave to appeal its decision of early May, in which it rejected S&P's application to have claims against it in relation to Lehman Australia set a.. read more
Business customers gives banks low marks for understanding their business 25 June 2014 4:05PM The major banks have made some progress over the past 12 months in closing the gap between their retail bank customer satisfaction ratings and their business customer ratings. read more
CCR 'not necessarily' required to meet responsible lending obligations 24 June 2014 3:36PM The Australian Securities and Investments Commission has advised credit providers that they may not need to participate in the new comprehensive credit reporting system in order to meet their responsi.. read more
Suncorp uses QR code technology for mobile banking upgrade 24 June 2014 3:35PM Just two weeks after Bendigo Bank announced that it would use a QR code reader in its new 'redy' smartphone payment application, Suncorp has launched an enhancement to its mobile banking app that also.. read more
FlexiGroup ABS shows further funding cost reduction 24 June 2014 3:35PM Issuers of residential mortgage-backed securities are not the only players in the asset-backed securities market reporting improved pricing. read more
More customer due diligence work on the way 23 June 2014 3:25PM Financial institutions will have to expand their customer due diligence procedures significantly if a G20 proposal for the international exchange of non-resident tax information is adopted in Australi.. read more
rediATM network gets a makeover 20 June 2014 4:01PM Payments company Cuscal has embarked on an upgrade of its network of 3200 rediATMs to make them compatible with Windows 7, meet the EMV chip standard and provide financial institutions using the netwo.. read more
Balance sheet growth drives increase in bank fees 20 June 2014 3:59PM Australian bank fee income grew by 2.6 per cent in 2013 to $11.6 billion, reflecting "moderate growth" in income from fees charged to both businesses and households. read more