Yetton joins Westpac exodus 11 June 2015 4:27PM A second senior executive will leave Westpac as the bank's still new CEO, Brian Hartzer, implements a "simplified organisation structure" that jettisons some of the legacy of three predecessors. read more
Comment: Familiar struggles divide Westpac 11 June 2015 4:26PM Defining the boundary between the business bank and the retail bank is an age-old conundrum at many organisations - and one where strategic logic is often overshadowed by other factors. read more
myki micropayments a fare old muddle 11 June 2015 4:22PM The myki micropayments platform used to pay public transport fares in Victoria "has not satisfactorily achieved any of its original business case objectives", the Victorian Auditor-General found in a.. read more
HSBC's new strategic direction includes a big cut in risk weighted assets 10 June 2015 3:48PM HSBC last night outlined a shift in strategy that bends to the prevailing regulatory winds, including plans for a hefty cut in risk weighted assets. read more
Basel Committee still pondering its approach to capital risk measures 10 June 2015 3:47PM The allocation of capital by banks for interest rate risk is the subject of more scrutiny by global regulators and may lead to more prescriptive methods intended to minimise regulatory arbitrage. read more
Industry heeds APRA message on lending 04 June 2015 4:45PM APRA's efforts to corral runaway growth in investment lending "is now starting to bear fruit," its chair, Wayne Byres, told a Senate committee yesterday. read more
Farm gate guarantee lassitude costs CBA 04 June 2015 4:43PM A wine grape farmer who signed guarantee documents on the bonnet of a bank manager's car in a farm paddock has succeeded in having his liability to Commonwealth Bank set aside. read more
Sky-high credit card rates attract scrutiny 02 June 2015 3:32PM The level of credit card interest rates charged by banks and others in Australia may become the subject of an informal review, financial regulators flagged at a Senate committee yesterday. read more
A lot of effort for a modest outcome: CBA's financial advice compensation program 01 June 2015 4:15PM Close to 500 people at Commonwealth Bank are now working on sorting out the rights and wrongs of the bank's systematic misconduct in select financial planning matters. read more
Industry off the pace on cultural change: APRA 01 June 2015 4:11PM Banks have more work to do to align personal incentives with organisational interests, the head of APRA, Wayne Byres, cautioned in a speech in Singapore on Friday. read more