Customer data breaches common

The experience of unauthorised access to customer information may be more common in Australian business than is generally assumed, according to new research. read more

High Court shifts ground on penalties

Following a High Court ruling handed down yesterday, the bank fees' class action against ANZ will deal with 17 exception fees and not just the one type the Federal Court had said it would rule on. read more

MyATM shareholders vote for recapitalisation

Shareholders in the failed ATM company, My ATM, have given their support to the administrator's recapitalisation plan. At a general meeting, held yesterday, shareholder votes were strongly in favour.. read more

NAB failed in its basic credit analysis

The Australian Prudential Regulation Authority warned National Australia Bank in February 2008 that it had been slow in recognising provisions against conduit assets and failed in its basic credit ana.. read more