Banks ordered to fix their story on BBSW

Three banks fending off ASIC allegations of bank bill swap rate market manipulation have been told to co-operate with each other and the corporate regulator to agree on a statement of facts. read more

AFMA slaughtered in US BBSW claim

In a claim being mounted by a trio of US investment interests, the language is uncompromising and the analysis rough for the reputation of the Australian Financial Markets Association, while Australia.. read more

NAB makes profitable exit from CIIT

National Australia Bank has sold half of one of its few Chinese investments, the Financial Review reports.China Industrial Bank, the trust's major shareholder, disclosed the sale. Fujian Energy Group.. read more

Turnbull takes a tribunal turn

The Australian government may be bending toward an idea promoted by stirrers on its own backbench who have pushed for a form of banking "tribunal" to consider customer grievances.The Financial Revie.. read more

ASIC discovery 'tip of BBSW iceberg'

The plaintiffs in a new, and US centred, class action directed at five Australian banks and more than a dozen other defendants on allegations of manipulating short term interest rate benchmarks have.. read more

Winds favourable for AMP Bank

A return to lending growth at AMP Bank over the last six months has gone hand in hand with a further improvement in its net interest margin and a lift in the return on equity. read more

Card not present fraud surge a foreign affair

Payments fraud classed as "card not present" has increased by more than 50 per cent over two years and by more than 20 per cent over the last year, the latest compilation of data by the Australian Pay.. read more