APRA postpones liquidity crackdown for small banks 24 July 2024 10:48PM Smaller banks will be able to continue to recognise their holdings of the debt of other banks for liquidity purposes, aat least for a time. read more
Business receivables follow inventory downhill 24 July 2024 12:07PM The CreditorWatch monthly Business Risk Index is the best monitor we know. One that tells it like it is, rounds up telling data on the state that business in Australia is in. read more
International Bank a drag on Novatti 24 July 2024 12:04PM Novatti may have found a buyer for International Bank of Australia – and god knows who – or a material sell-down and ideally sell out is in the works. read more
Plenti torpor in PayTo takeup 24 July 2024 12:03PM New clients and early adopters for the gee whiz PayTo product rolling on New Payments Platform rails, there are few so far and sales efforts are striking more resistance than interest. read more
ComCom favours drastic cuts to interchange 23 July 2024 10:15PM Interchange fees in New Zealand may be slashed hard, if one of the preferred reform options outlined by the Commerce Commission ends up being adopted. read more
American Express in a muddle with DJs card 21 July 2024 9:37PM American Express will pay a penalty of $8 million following a ruling by the Federal Court that the cancelled application rates for the DJs Amex Cards two years ago were a circumstance that would reaso.. read more
Bank not liable for medical costs in payments dispute 19 July 2024 6:44AM AFCA had found that Commonwealth Bank has no liability to compensate a customer who contended medical costs incurred overseas were the result of the bank mishandling payment instructions. read more
APRA secrecy provisions upheld 19 July 2024 6:43AM The Australian Information Commissioner has upheld the draconian secrecy provisions in the APRA Act. This is a shame, since they stink. read more
Credit quality dogs Zip turnaround 17 July 2024 7:55PM Receivables are in decline and bad debts and arrears are climbing at Zip. read more
Bendigo exits Homesafe 17 July 2024 7:50PM After years of testing the market, Bendigo and Adelaide Bank has finally found a buyer for its Homesafe division. read more