Westpac on the outer with business clients 08 August 2024 12:07AM Net promoter scores have tumbled across the banking sector over the last year. The Roy Morgan findings are grim in the case of Westpac. read more
People First in a mortgage jam 05 August 2024 11:37PM Service standards and turnaround times on home loan applications have blown out, badly, at People First Bank, at least for applications lodged via mortgage brokers. read more
Kiwibank sell down distant and difficult 05 August 2024 1:53AM Nicola Willis, New Zealand’s finance minister is duty bound – surely – to test the market for any interest in an outright takeover of Kiwibank, alongside all other schemes to conjure up capital in ord.. read more
AFCA overwhelmed with banking complaints 02 August 2024 7:27AM Banks and banking products dominate complaint flows to the Australian Financial Complaints Authority. read more
Panin, Bankwest weigh on CBA 02 August 2024 7:26AM Commonwealth Bank’s sale of its 99 per cent holding in PT Bank Commonwealth in Indonesia has resulted in a total non-cash loss of $298 million. read more
ACCC authorises cash-in-transit business continuity measures 02 August 2024 7:24AM The ACCC has issued a draft determination proposing to grant authorisation with conditions to the Australian Banking Association, its member banks, and other industry participants to facilitate busine.. read more
Suncorp downgraded on bank sale 02 August 2024 7:22AM Moody's Ratings has downgraded the long-term issuer ratings of Suncorp Group Limited to A3 from A2, following the sale of its banking subsidiary to ANZ yesterday. The rating outlook is stable. read more
Banks losing FX market share 31 July 2024 6:36AM Fintechs are making headway in the foreign exchange market, largely at the expense of banks, ACCC research has found. read more
Credit Corp leans on lending for profit growth 31 July 2024 6:34AM A deterioration in the position of its US debt buyig business means the 2024 financial year “was a year of underperformance” Credit Corp has told shareholders in its annual report. read more
CBA convicted of wage theft 30 July 2024 6:38AM Commonwealth Bank has been fined $36,000 in the Melbourne Magistrates' Court after pleading guilty to not paying long service entitlements to staff. read more