NAB racketeers next to yield 27 August 2018 3:51PM The royal commission's impatience with NAB is palpable, suggesting it may not just be Andrew Hagger - named and shamed on Friday - but his CEO, Andrew Thorburn and the chair of the board, Ken Henry, w.. read more
Expert panel may filter MySuper 27 August 2018 3:48PM APRA may be an unworthy agent of consumer interests, at least when it comes to MySuper products, counsel assisting have explained to Kenneth Hayne's royal commission into misconduct in financial servi.. read more
Hayne's challenge for super trustees 27 August 2018 3:38PM A truckload of policy changes were aired by counsel assisting the royal commission in final submissions on the superannuation round, many of them adverse for banks and the viability of their retail su.. read more
'Mandatory code' for comparator websites 21 August 2018 4:46PM A mandatory code of conduct for financial services comparator websites may be on the horizon, "to ensure they focus on benefits to consumers, not the commissions they receive." read more
Smaller banks fly on NPP 20 August 2018 3:50PM Westpac and ANZ are beginning to widen access to the New Payments Platform, though their readiness has fallen short of suggestions the NPP would be accessible to customers of these two banks by Friday.. read more
'We have not fixed NAB': Thorburn 10 August 2018 4:58PM National Australia Bank has not done what it said it would do, such as putting customers right when the bank has done the wrong thing, its managing director Andrew Thorburn conceded yesterday. read more
NAB tops the super refunds payouts 07 August 2018 4:52PM Bank-owned superannuation funds forked out $124 million in refunds and compensation between 2003 and 2017, the banking royal commission heard yesterday. read more
Elevated bank levy on the cards 06 August 2018 4:02PM The funding cost advantage of the major banks may have reduced, but banks "should pay for any support they receive from taxpayers via the government .. as this simply reflects commercial reality" a la.. read more
Apple Pay pipsqueak a fintech caution 06 August 2018 4:01PM There's little wanderlust around fintechs and much cynicism about the state of play in this much hyped industry sector, this week's assessment of competition in finance from the Productivity Commissio.. read more
Comparison websites 'do not provide good advice' 06 August 2018 4:00PM The conflicted business models of a catalogue of comparison websites drew fire last week from the Productivity Commission in its report on Competition in the Australian Financial System. read more