288

Credit Union Australia says it is "committed to maintaining mutual ownership", as it undertakes a review of its capital options. read more

Xpress Money, a South Asian money transfer company, hopes to snare more market share in Australia, taking aim at a sector that the World Bank estimates is worth A$18 billion a year. read more

Banks may be overcharging for business finance, Bruce Billson, the minister for small business, told the Franchise Council of Australia Conference yesterday. read more

Banks may have to pick more senior staff to negotiate investment priorities on payments when they work through a new industry body. The Reserve Bank and the Australian Payments Clearing Association h.. read more

Credit Union Australia, the country's largest mutual ADI, plans "a more comprehensive overview" of rules that inhibit its demutualisation", the board disclosed in the notice for its annual meeting t.. read more

Resimac has elbowed its way to the status of preferred bidder in the contest to take over RHG, the remnant of Rams Home Loans. read more

Westpac is making plans to offshore 83 jobs, from sites in Adelaide, Sydney and Melbourne, to India, the Finance sector Union said on Friday. read more

Traditional agency banking and bill payment services have become "declining" features of the business of Australia Post, the corporation said in its annual report for the year to June 2013. read more

Financial regulators need to foster diversity in business models, while focusing on supervision work in the most effective areas, two Reserve Bank of Australia senior officials said in separate speec.. read more

Broadway Leasing, a niche financier in Sydney, plans to rope in its introducers as share-holders as it undertakes a new funding round. The Sydney-based firm aims to sell A$1.2 million in new shares a.. read more