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Heritage Bank yesterday placed A$50 million in subordinated debt of a type that exposes investors to a write-down in the event of severe financial strife at the mutual. read more

ATM deployer Stargroup has finalised terms for its merger with ASX-listed iCash Payments. read more

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

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

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 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

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

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

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

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