CEFC defines Westpac energy subsidy 18 May 2016 4:08PM The Clean Energy Finance Corporation yesterday said it committed A$200 million to what it labelled the Westpac Energy Efficient Financing Program, which offers finance leases, commercial loans and com.. read more
Hunter United tracks down fintech leader 17 May 2016 3:01PM A banker with a brief stint as a fintech entrepreneur has taken the helm of Hunter United Employees' Credit Union. read more
Bell rings anew for frustrated funders 17 May 2016 3:00PM A quarter century long saga over the liquidation of the Bell Group of companies may have crossed one final legal hurdle, one that for once does not entangle the failed conglomerate's bankers as centra.. read more
Securency manager convicted of bribery 17 May 2016 2:59PM Peter Chapman, the UK-based former African sales manager for Securency, late last week was convicted by a UK court on six counts of corruption relating to his dealings with an unnamed official of Nige.. read more
'Extravagant' business rates an own goal for Arab Bank 16 May 2016 3:51PM The standard practice of a bank grading a loan for risk at the time of origination may obstruct the equally routine banking practice of imposing higher rates of interest following a loan default, if a.. read more
Vietnam bank a second SWIFT fraud target 16 May 2016 3:50PM A second bank in Asia has had payments messages over the SWIFT payments messaging network compromised, if further analysis by BAE Systems is correct. read more
ATM fees slump for DirectCash 13 May 2016 4:53PM The ATM revenue of DC Payments is on the wane in Australia due to the popularity of contactless payments. read more
Mutual milestone triggers $100m capital buyback 12 May 2016 3:57PM A unique equity capital arrangement employed by 13 credit unions and mutual banks is reaching the end of its life, with A$100 million in capital likely to be bought back by the end of the year. read more
Property shock on Moody's Australian watchlist 12 May 2016 3:53PM A poor outlook for residential property developments, which may correlate with Australia's bruised terms of trade, is one highlight of Moody's Investors Service's take on last week's round of bank res.. read more
Bankwest and Landmark conspiracies dissolve amid Parliamentary glare 09 May 2016 3:48PM Commonwealth Bank prioritised a "culture of placing profit and return to shareholders ahead of the interests of borrowers" in its handling of many loans extended to customers of Bankwest, a parliament.. read more