Cabcharge 'could not survive' reduced surcharge 29 November 2012 5:41PM The taxi payments processing industry could not survive if its surcharge or service fee was halved to five per cent from 10 per cent, says Reg Kermode, the chair and CEO of Cabcharge. read more
Small business code needed, says Senate 29 November 2012 5:35PM The Australian Bankers' Association needs to develop a voluntary code of conduct for small business lending, the Senate's economics committee proposes in its report on the "post-GFC banking sector". read more
Mutuals see industry growth 28 November 2012 5:36PM Industry lobby the Abacus Group has released quarterly data that aims to extend the corresponding series from APRA to the small deposit-taking sector. read more
Southern Finance finds saviour in Bendigo 27 November 2012 5:16PM Bendigo and Adelaide Bank is to buy the loan book and related assets of mortgage fund Southern Finance for no premium. The assets are worth around A$290 million. read more
Banks open door to non-bank rivals 27 November 2012 5:12PM Lenders can expect the net interest margin they earn on home loans to decline by around 10 basis points over the next year, a study by Deloitte has found. read more
NZ Post seeks funding flexibility for Kiwibank 26 November 2012 5:44PM New Zealand Post is looking into alternative methods of finding funding for its subsidiary Kiwibank. read more
Westpac and NAB on a roll 26 November 2012 5:40PM Pricing levers at the disposal of Westpac's management, combined with improvements in market share, have led Morgan Stanley's bank equity research team to refresh its "overweight" rating on Westpac. read more
Curbs on card surcharges clarified 23 November 2012 5:16PM Fat surcharges on credit card payments may remain a feature of the payments landscape under revised rules released yesterday by the Reserve Bank of Australia. read more
GE Capital chief on the move 23 November 2012 5:11PM GE Capital's CEO, Skander Malcolm, is leaving the business to work in the health care division of General Electric. read more
Thorn takes long view on finance future 21 November 2012 5:57PM Investment in new business lines and a conservative approach to provisioning retarded profit growth for specialist financier Thorn Group in the year to September 2012. read more