Mutuals rattled amid S&P ratings clutter

Around a dozen mutual banks or credit unions, including one ASX listed bank, find their debt securities ineligible for use in repurchase operations with the Reserve Bank of Australia as of yesterday,.. read more

Comment: Bank tax maths will add up in time

The four or five or more Australian and foreign banks that will be made to pay the planned liability levy will shell out, in aggregate, no less than the A$6 billion the Australian government (with pop.. read more

uno free to wander within Westpac orbit

uno, a self-described "digital mortgage service", is standing by its positioning as "independent and unbiased", despite one weekend metro media analysis questioning the transparency of the firm's ties.. read more

NAB and Westpac correct advice on strife

A drastic pair of corrections from past disclosures - from NAB, mainly, and also Westpac - features in an update from ASIC on Friday on the state of play (and the compensation costs) from "fees for.. read more

CFD strife marks Citi card index

Crumbs of business intelligence around the credit card and retail banking operations of Citi in Australia have emerged in a squabble over trade marks. Some good, some not so good. read more

Banks snap into line on contract terms

Standard contract terms for small business borrowers will be modified by November to remove a list of sometimes notorious terms. The biggest: removing financial indicator covenants such as loan-to-val.. read more

NPP schemers settle on Osko

BPay have confirmed 'Osko' as the branding for the first "overlay" service on the New Payments Platform, which is set to kick off from October. The long discussed Eftpos wallet may also reach the mass.. read more