Westpac hands out redundancy notices 03 February 2012 5:39PM Several news sources have reported confirmation from Westpac's management that it has cut 560 positions. read more
Credit Corp on a roll 03 February 2012 5:35PM Debt collector Credit Corp has maintained last year's strong earnings momentum with a 23 per cent increase in net profit for the first half of the 2011/12 financial year. read more
Lenders too harsh with hardship cases, rules Credit Ombudsman 02 February 2012 5:28PM Lenders are failing to give proper consideration to applications from borrowers suffering financial hardship, says the Credit Ombudsman Service in its just-released 2011 annual report. read more
Maurice Blackburn widen fees class action 02 February 2012 5:26PM Maurice Blackburn Lawyers files further claim in the Federal Court against Westpac. read more
Defcredit becomes Defence Bank 01 February 2012 5:38PM The move by credit unions and building societies to become mutual banks is gathering momentum, with the Defence Force Credit Union announcing yesterday that it has APRA approval to change its name.. read more
Underwriting losses for general insurers 01 February 2012 5:33PM The general insurance industry suffered an aggregate underwriting loss in 2011 and will struggle to make a profit this year, according to a new industry study. read more
Debit now fastest growing payment type 31 January 2012 5:21PM The frequency of non-cash payments increased by eight per cent last year, according to a new study. read more
Virgin Money brand still relevant 30 January 2012 5:31PM Eighteen months after relaunching its Australian business, Virgin Money has successfully re-established itself as a financial services brand, says CEO Matt Baxby, who is preparing to expand the busi.. read more
ANZ Asia growth story appeals to MER analyst 30 January 2012 2:37PM The retreat of European banks from Asia is good news for other banking groups in the region, particularly ANZ, according to Macquarie Equities. read more
CAMAC says no need to change law on derivatives 25 January 2012 5:27PM The Corporations and Markets Advisory Committee has advised the Government that both the on-exchange and over-the-counter derivatives markets are appropriately regulated. read more