APRA expects rules to stick 21 February 2014 4:30PM John Laker, chair of the Australian Prudential Regulation Authority, has defended the more onerous regulation of banks since the GFC, insisting it was appropriate that they met minimum capital and liq.. read more
Finance workers earn more 20 February 2014 4:14PM Wages growth in the finance and insurance sector is skipping along. The Australian Bureau of Statistics estimated hourly rates of pay excluding bonuses increased by 3.1 per cent over the year to June.. read more
Wide Bay earns more from less 20 February 2014 4:11PM Wide Bay Australia is getting its profitability back in order, with a rise in net profit for the six months to December 2013 of A$7.2 million, up from $5.5 million for the previous corresponding perio.. read more
Financial losses inevitable 20 February 2014 4:09PM "No financial regulator can prevent all losses from occurring," Greg Medcraft, chair of the Australian Securities and Investments Commission told a Senate inquiry yesterday. read more
Profits of corporate crime outweigh the risks, says Medcraft 20 February 2014 4:06PM Rational actors in the financial services market will routinely take risks and flaunt the law when they believe "the penalty available to respond to misconduct is much less than the profit," Greg Medc.. read more
ME risk chief leaves 19 February 2014 5:07PM ME Bank confirmed that Nick Vamvakas, its chief risk officer, will leave at the end of February after 21 years with the bank. read more
Bankwest payroll top heavy 19 February 2014 5:02PM Commonwealth Bank provided a glimpse into the payroll of its Bankwest business, in the course of a successful defence to efforts by the Finance Sector Union to rope in more senior staff to an enterpri.. read more
Asset quality on the mend at Westpac 19 February 2014 4:33PM Credit quality improved at Westpac over the December 2013 quarter, a period in which the bank reweighted its business mix toward commercial loans. read more
Discrimination rife in finance 18 February 2014 5:07PM A quarter of pregnant women working in the finance industry "believed that they had been discriminated against," the Finance Sector Union has found. read more
Bendigo sidesteps price war 18 February 2014 5:03PM Disciplined loan pricing and more flexibility on the funding side underscored a steady rather than stellar December half year for Bendigo and Adelaide Bank. read more