23

That old small business working capital standby of deferring paying business tax obligations is, predictably, becoming more popular. read more

Exchange Settlement balances held by banks with the Reserve Bank of Australia are poised to slump to little more than $200 billion as banks repay their Term Funding Facilities by the middle of the yea.. read more

Armourguard, the dominant supplier of cash-in-transit services in New Zealand, is on the cusp of establishing its own monopoly. read more

Banks may be encouraged to pilot 'tracker mortgages' if the government takes up a proposal from the House of Representatives Economics Committee. read more

Why would any big bank stir discord within the oligopoly of which all four are members? In New Zealand (and Australia too) grabs for market share shifts within the big four are not merely frowned upon.. read more

Banks, reportedly, are investigating a couple of drastic options to solve the mess they helped create by backing the merger of cash-in-transit operators Armaguard and Prosegur last year. One brainwave.. read more

Banks and Armaguard are close to receiving clearance from the ACCC for the big banks (and others) to coordinate on how best to prop up Armaguard’s cash distribution business. read more

Losses from card fraud of $2.2 billion, as estimated by the ABS, are 3 times larger than industry estimates. read more

Volt Bank is being reborn as a non-bank offering much the same services as Volt, except targeted to smaller ADIs, planners and other non-banks. Many Volt shareholders look likely to back the new ventu.. read more

Liberty being Liberty and Sherman Ma being, well, Sherman Ma, it is no surprise the Australian Taxation Office took a deep dive into the complex internal workings of Liberty Financial, at least the pr.. read more