North Queensland mutuals agree to merge 19 May 2016 4:39PM Queensland Country Credit Union, based in Townsville, and ECU Australia Ltd, based in Cairns, have agreed to a merger, likely to occur in early 2017. read more
Aussie on the slide in FX stakes 19 May 2016 4:38PM Turnover in the renminbi in foreign exchange markets may soon vault China's currency above the Australian dollar in global FX rankings, Guy Debelle, assistant governor for financial markets at the Res.. read more
Bank union fires back on ANZ job cuts 19 May 2016 4:37PM The Finance Sector Union weighed in last night clear up data and themes on the peeling away of 200 jobs in Australia. This is 2.3 per cent of the total ANZ workforce in the country as of March 2016. read more
Comment: Commonwealth and ANZ queue CEO switch 19 May 2016 4:34PM A blue over ANZ's orientation toward a speed up culture reflected in a jobs trimming can only escalate at a sensitive time for the banking industry. read more
UBank on pace with NAB retail 18 May 2016 4:11PM National Australia Bank's online only subsidiary UBank brand achieved "a double-digit percentage increase in revenue" over the year to March 2016, the bank disclosed yesterday. read more
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