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Michael Chaney plans to stand down from the board of National Australia Bank in 2015. read more

Banks in Australia do not need more capital, Westpac chair Lindsay Maxsted told the bank's 2012 annual meeting in Sydney. read more

Profits at the Bank of Queensland are "have now resumed a positive trajectory" the bank's CEO, Stuart Grimshaw, told the bank's annual meeting in Brisbane yesterday. read more

The labour force working in the finance and insurance industries has fallen by an estimated 19,000 over the 15 months since major employers stepped up cost-cutting in the sector. read more

Demand for new loans for business remains in the doldrums, with monthly lending volumes only two-thirds the level reported before the financial crisis. read more

The final report of the Victorian Taxi Inquiry has repeated a recommendation to halve the surcharge on electronic payments to five per cent, a step that would cost payment providers such as Cabcharg.. read more

Efforts to mitigate the extent of payment fraud may be having some effect - the latest collation of data by the Australian Payments Clearing Association reveals a small decline in the value of losse.. read more

ANZ has agreed to a potential pay increase of 3.5 per cent for staff over the next two years after reaching an agreement with the Finance Sector Union. read more

FirstMac is returning to the mortgage-backed securities market with the planned sale of A$300 million in bonds that are supported by full-doc loans. read more

Payments processing problems associated with the change over to a new Cuscal switch created further inconvenience for credit union and mutual bank customers over the weekend. read more