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In another harsh report card for the sector, ASIC has found that more than four in five audits by banks of client's files are "ineffective" or only "partially effective", and banks are slow to notify.. read more

Mobile payments accounted for only around one per cent of point-of-sale transactions in 2016, a survey by Roy Morgan Research for the Reserve Bank of Australia has found. Cash, by contrast, accounted.. read more

Having reneged on a $175 million senior bond yesterday, Kiwibank "has a lot of PR do." Meandering disclosures on a capital adequacy cock-up is a strange start. read more

ATM operator Stargroup still has not come up with the cash to complete a takeover of the ATM switching and processing business of Indue announced in September. read more

Kiwibank yesterday evening alerted debt investors it "cannot proceed with the settlement" of a A$175 million, ten-year bond priced (as in 'agreed') only last week.Maybe the bank meant it simply 'no lo.. read more

Almost every prominent non-bank funder is contributing to a smorgasbord of mortgage-backed bonds on offer to bond-starved credit investors this week. read more

The enthusiasm of financial regulators for further macroprudential policy measures may brighten, as the effect of past measures fades. read more

One adverse dynamic for banks in their credit card portfolios has reversed, at least for now, with balances accruing interest on the rise, on an annual basis. It may be a lead indicator of a better 20.. read more

Customer numbers have ticked past the 400,000 mark at ME, a bank yet to surpass double digit returns, but so far keeping its industry fund owners content. read more

National Australia Bank's wandering ranking on customer satisfaction remains on the right track, after around a year or more of declines in the Roy Morgan Research Consumer Satisfaction Report. read more