'False witness' standard practice at NAB 29 May 2017 3:39PM Instances of "false witnessing" by financial advisers employed by National Australia Bank have been aired by the Finance Sector Union and Fairfax Media.NAB employees, including Financial Planners and.. read more
Scant effort to conceal FX misconduct 29 May 2017 3:35PM An ASIC report drawing together its work into drivers of misconduct observed during its investigation into the wholesale spot foreign exchange market makes disconcerting reading."We observed very few.. read more
Cheque use plunges over the cliff 29 May 2017 3:34PM The withering of cheque use in Australia is taking on a new dimension, with the value of cheques having "dropped by six per cent in 2016, after largely remaining flat in previous years," the Australia.. read more
AMP looks to bank as sturdier pillar 26 May 2017 4:21PM The already robust system growth multiple of AMP Bank may last for an extended period, AMP Group's chief executive Craig Meller told an investor day. read more
Global FX code ready for bank commitment 26 May 2017 4:19PM The "vast majority" of banks and other participants in the foreign exchange market are expected to agree and adhere to a Statement of Commitment regarding the FX Global Code, released last night. read more
zipMoney steps down ABS pathway 25 May 2017 3:57PM A new A$200 million securitisation-ready warehouse from National Australia Bank is setting up zipMoney for a foray into the asset-backed debt market, but not soon. read more
Banks on severe notice from S&P 25 May 2017 3:56PM To lift their risk adjusted capital ratios by 100 basis points, each major bank would need to generate, on average, A$6 billion in capital, S&P said yesterday. read more
'One stop' all EDR rot for CIO followers 24 May 2017 4:08PM A myriad of smaller financiers and fringe firms are gearing up for a lobbying campaign to block or reset the proposed "one stop shop" for dispute resolution.Six industry associations covering hundreds.. read more
Richer mortgage data a stress for select ADIs 24 May 2017 4:06PM "Uuhmmm, we're not too sure that we, or some other banks we know well, will be able to easily find the most reliable data on that", a handful of banks have more or less told the banking regulator, whe.. read more
Maestros evade S&P ratings razor 23 May 2017 4:06PM Navigating fraught terrain, S&P Global Ratings yesterday spared all the major banks and six lesser Australian banking names from its epic ratings downgrade that embraces 23 entities, most ADIs and.. read more