Mutuals rattled amid S&P ratings clutter 23 May 2017 3:59PM 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 23 May 2017 3:58PM 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
Suncorp dials down on developer and agri 23 May 2017 3:56PM Suncorp Bank pivoted its business mix toward household lending over the March 2017 quarter as it pared back total lending to sensitive business sectors. read more
Foreign banks an asset in liability levy wrestle 22 May 2017 4:08PM A couple of tactics by larger banks to unsettle the debate over the liability levy unveiled in this month's federal budget may be working, with key voices in Canberra echoing the industry's arguments... read more
uno free to wander within Westpac orbit 22 May 2017 4:07PM 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 22 May 2017 4:06PM 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 19 May 2017 4:01PM 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
Financial Complaints Authority targets July 2018 start 18 May 2017 4:06PM The new, single external dispute resolution and complaints framework scheme "will be established by industry as a company limited by guarantee" the Australian government made clear yesterday. read more
Banks snap into line on contract terms 17 May 2017 3:52PM 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 17 May 2017 3:50PM 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