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The funding model used by large Australian banks is considered undesirable, but the banks are restricted by economic conditions, regulations and tax rules from making any significant changes to it. read more

Prepaid cards have opened up a new market in retail financial services over the past few years, but issuers have struggled to find applications for them and have made only "slender" returns. read more

Citigroup's Australian business has a mandate from its parent to invest in growing its retail and wholesale operations, Citigroup Pty Ltd chairman Nick Greiner said yesterday. read more

Primary equity capital and debt capital markets' activity, mergers and acquisitions, and other investment banking activities, all proved drags on Citi's Australian wholesale operation last year, but.. read more

Australian business reliance on trade credit returned to normal levels last year, after spiking dramatically during the financial crisis. read more

The Australian Securities and Investments Commission will start meeting lenders and their representatives next week to review applications for class orders that will be exempted under  the new.. read more

The Australian Securities and Investments Commission has used its powers under the National Credit Act to impose the first permanent ban on a finance broker. read more

Payment industry representatives have renewed their attack on the Reserve Bank's regulation of their business, saying it has resulted in a level of surcharging by some merchants that amounts to goug.. read more

The use of cash for payments has declined over the past three years, as households turn to debit for low value payments. read more

EFTPOS Payments Australia has accused its rivals, Visa and MasterCard, of trying to deny merchants and consumers any choice in the way retail payments are made. read more