ASIC demonises Westpac derivatives

The mere facts of Westpac having a derivatives book, the sheer size of this portfolio and the material growth of derivatives at the bank provided scaffolding for ASIC agitation at the opening day of a.. read more

ASIC retrofits misconduct on earthy traders

Westpac rates' traders "cannot recall" the numerous, colourful, recorded conversations relied on by ASIC to establish a pattern of unconscionable conduct by the bank in the bank bill swap market betwe.. read more

The charge to corral open banking

The banks with the most to lose from any roll out of an open banking regime in Australia are campaigning to set a framework for hindrance and delay in any transition to toward this fashion in finance... read more

Bond bandits see new rules

The aggregate Australian dollar net cash outflow of the fourteen largest banks is forecast to decline for a fourth year in a row, under estimates from APRA on Friday. read more

Bad and Bankwest spinoff options at CBA

Four pillars is finished, fragmenting right now. A narrow bank is set to be rescued from the sewers of a Big Four controller. Others may follow.The disruption may be lame or lively, but the familiar m.. read more

Comment: Disdain baked deep in banking

There may be a direr word than 'dire' for the straits in which the Australian banking industry sails. The weekend horror in Australian banking: coordinated price cuts on ATM fees. read more