BCCU helps Unity past $1bn milestone

In a merger approved by more than 90 per cent of its members, Bankstown City Credit Union will join the ranks of mutual bank labels from July, when the entity will become a division of Unity Bank. read more

Foreign hires mostly safe in finance

HR managers at banks won't be too fussed - though their employers' credit analysts may well be - with the purged list of "eligible skilled occupations" that can be covered by a "temporary skill shorta.. read more

Sedgwick red lights broker commissions

A ban on accelerator reward payments and a shift to a fee-for-service payment model, funded by the banks, are highlights of Stephen Sedgwick's year-long review of retail banking remuneration. A long p.. read more

Developer credit strife agitates regulators

Compromised credit conditions facing property developers and their customers (often investors) form one nexus of the Reserve Bank of Australia's half-yearly Financial Stability Review, one that extend.. read more

Household insolvency adds to banking risks

Risks to financial stability "are primarily macroeconomic in nature, rather than direct risks to the stability of financial institutions", the Reserve Bank of Australia declares in its Financial Stabi.. read more

Cash out of favour on many fronts

Demand for cash is on the wane on two fronts, with "cash out" at the point of sale fading alongside cash withdrawals from automatic teller machines, with both trends a function of the popularity of co.. read more