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NAB will restructure its wealth business in New Zealand, merging it with Jarden Wealth and Asset Management Holdings and introducing private equity firm Pacific Equity Partners as a third shareholder. read more

When comparison site Mozo analysed the personal loans in its database it found that green loans were 2.48 per cent lower on average that standard loans. read more

The Albanese government has put a use-by date of 2030 on the Australian cheque system, with the issuance of bank cheques to end in 2025 and personal cheques in 2027. read more

Consumers using online gambling services will no longer be able to use credit cards and “credit related products” to make payments, following the passage of legislation this week. read more

The ACCC has granted interim authorisation to the ABA, its member banks and industry participants to work together to develop an arrangement that will guarantee the ongoing distribution of cash. read more

The government has ruled out investment in nuclear energy in its new green bond program, which will focus on renewable energy, energy efficiency (including home upgrades) and climate change adaptation.. read more

The recovery of the home loan market picked up pace in October, reflecting the strong demand for housing and rising prices. read more

Following the announcement that banks will develop a confirmation of payee system as the priority project for the industry’s new Scam-Safe Accord, Australian Payments Plus has detailed the work it wil.. read more

The Reserve Bank’s decision to increase the cash rate by 25 basis points in November, after leaving the rate unchanged for four months, served as an opportunity for some banks to restore their margin.. read more

As part of a new strategy of returning to core business, EML Payments is in discussions to sell its subsidiary Sentenial Ltd, which has not performed up to expectations since it was acquired in 2021. read more