Securency exec spared prison

Clifford John Gerathy, who began his working life in the Reserve Bank of Australia, will be the latest executive of Securency (part owned by the RBA, via Note Printing Australia) punished by the Austr.. read more

Compliance registers, on delay, at CBA

Commonwealth Bank "have not had a thorough enough identification of compliance obligations", David Cohen, the bank's chief risk officer told the financial services royal commission yesterday. read more

Bankwest fell short in credit knowhow

Defects in credit management skills at Bankwest prior to its 2008 takeover by Commonwealth Bank fell under scrutiny at the financial services royal commission yesterday. read more

Hayne sails around Magellan flap

Commonwealth Bank set out to reduce the commercial property exposure of its Bankwest arm by around one tenth in 2009, but the bank wasn't seeking any early exit early from loans that were not in defau.. read more

Merchant compo pledged by NAB

National Australia Bank is undertaking to compensate customers who suffered financial losses during a Saturday outage that affected mobile banking, ATMs and eftpos services. read more

ANZ scoops fishy franchise finance

Credit officers would be well advised to read the business plans supplied by applicants for loans, something ANZ failed to do with a gelato franchise, evidence at the Hayne royal commission confirms. read more

Fintechs bug ANZ

Fintechs are making ripples in the market for the supply of loans to very small businesses, a senior executive of ANZ confirmed at the Hayne royal commission yesterday. read more