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Global banks are lowering their targets for return on equity to a range of ten per cent to 15 per cent, a global banking risk survey from professional services firm Ernst & Young shows. read more

Counterfeiting of banknotes in Australia spiked by 63 per cent over the year to June 2015, the Reserve Bank of Australia said in its annual report. read more

Commonwealth Bank will lift interest rates on owner occupier and investment loans by 15 basis points from November 20, more or less following the lead set last week by Westpac. read more

National Australia Bank has reached one preliminary milestone in adhering to undertakings to customers and the corporate regulator in connection with customers in receipt of dodgy financial advice. read more

The Australian Government, in its formal response yesterday, offered a warm endorsement for all the steps taken by the banking regulator in the wake of the Financial System Inquiry. read more

Residential price appreciation in Australia and New Zealand "remains a key risk to bank ratings," ratings agency Standard & Poor's said yesterday in a wide assessment of factors in property market.. read more

The eftpos payment scheme has picked Bell ID as the key supplier to finally steer the scheme into the maturing niche of online and mobile payments. read more

Lending to miners and related service companies may be a source of elevated concern for Australian banks, in spite of a low business failure rate and seemingly benign data on loans to the sector. read more

The rationale for selecting SWIFT as the head contractor for the build of the New Payments Platform in Australia received an airing at the Sibs conference in Singapore. read more

Fees on payments services may become a more important source of revenue growth for banks than earnings on customer balances, according to McKinsey & Company's latest Global Payments report. read more