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A routine ACCC inquiry is underway into DC Payment's acquisition of First Data's Cashcard ATM business. The buyer is already at work seeking to lock customers into longer term contracts. read more

No bonuses will be paid to most ANZ staff this year, thanks to the bank's lacklustre 2016 profit. High performing branch managers are also on notice to expect "tough conversations" at annual reviews. read more

Two independent ATM operators, Next Payments and Total ATM, have combined. Next claims to have sustained demand in an industry that is under siege from the growth of non-cash payments. read more

The Australian Prudential Regulation Authority has completed its revision of the prudential rules for asset securitisation and has released the final revised version of the standard, APS 120. read more

Banks in Australia "are safe and sound" according to 91 per cent of respondents to a recent Banking Day survey of readers. More than half (51 per cent) rated a property crash of any note as "unlikely... read more

Two bombshells startled shareholders at Commonwealth Bank's annual general meeting in Perth yesterday. First, compensation for "conduct" issues at Commonwealth Bank will be ten times the level already.. read more

APRA-mandated adjustments to risk weights for home loans took effect from July this year, with noticeable balance sheet consequences already being reported. read more

Commonwealth Bank's credit quality may be on the improve, with its loan impairment expense ratio markedly less than six months ago. read more

The outlook for Westpac, CEO Brian Hartzer said, depends on government willingness to borrow and invest, so consumers and business will follow. read more

Westpac Institutional Bank, once a group powerhouse, ended 2016 in the doldrums. Stressed assets jumped in the second half, though the bad debt charge showed no repeat of the first half bother. read more