Business credit demand perky

Conditions may be improving for business credit demand, if a Veda survey of the views of corporate credit mangers is any guide. read more

NAB's bonuses cut again

Several of the senior executive team at National Australia Bank saw their bonuses cut for the second year in a row in 2012, the bank's annual report reveals. read more

Operational risk capital on the rise

Changes in the operational risk profiles of banks, due to outsourcing and offshoring, have emerged as another risk factor adding to the capital burden of banks. read more

Sanctions claw at SWIFT model

The restraining hand of economic sanctions on the cross-border payments business of banks was a topic revisited, without much new insight, at the annual Sibos conference. read more

BPay drops $60 million on Mambo

BPay's losses on its abandoned Mambo project now stand at A$60 million, after the board doubled an impairment first recognised last year. read more

Collection practices of ACM reined in by court

A debt collector that purchased credit card debts from NAB and then threatened borrowers with legal action in the bank's name has been found to have engaged in misleading and deceptive conduct by th.. read more