Suncorp joins hybrid queue 28 March 2017 4:51PM Suncorp Group is setting out to sell A$250 million in capital notes that will qualify as tier one capital, "with the ability to raise more or less." read more
Mutual ADIs adviser hired to set Feds straight on capital 28 March 2017 4:50PM The Australian government has appointed a new independent facilitator to work on improving the access to capital of co-operatives and mutual ADIs. read more
ASIC not done with CommInsure yet 24 March 2017 5:27PM The insurance arm of Commonwealth Bank's wealth management division remains subject to investigation by ASIC, although the regulator found no evidence of undue pressure on doctors to change or alter t.. read more
Advocacy wanes at major banks 23 March 2017 5:15PM A decline in advocacy, or the "net promotor score", was the fate of three of Australia's major banks over the last year, a research house has found. read more
Cross-bench Senators push for rebadged banking Royal Commission 23 March 2017 5:14PM Five cross-bench senators plan to bring on a private members' bill to set up "a parliamentary inquiry into the banking and financial services sector." read more
Goldfields flies brand kite 22 March 2017 4:51PM WA-based ADI Goldfields Money is to change its name for the second time in six years. read more
Mutual banks push APRA mandate 22 March 2017 4:49PM Mutual ADIs are stepping up a campaign to "amend the APRA Act to give the prudential regulator an explicit 'secondary competition objective' and require APRA to report annually against this objective... read more
Control risks florid in bank financial advice 20 March 2017 5:00PM 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 no match for cash 17 March 2017 5:24PM 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
Kiwibank confounds on capital 'mess' 16 March 2017 5:01PM 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