Commerce Minister quits NZ cabinet for Westpac 12 October 2011 5:51PM In a hiring decision with the potential to put one of its longest running transaction banking contracts under the spotlight, Westpac has announced the appointment of a cabinet minister as head of it.. read more
Cleanskin MCU board open to options 12 October 2011 5:41PM The new board of Maleny Credit Union will review its strategic plan and remain open to the prospect of a merger with another credit union, the new chair of MCU, Luke Berry, says. read more
CBA and NAB seek term-funding 11 October 2011 5:21PM The comparative lull in bank funding in the term-debt market may be drawing to a close, with Commonwealth Bank and National Australia Bank both marketing term-debt and structured issues yesterday. read more
Ken Henry burrows in to NAB board 06 October 2011 6:02PM National Australia Bank says it has appointed Ken Henry, the former head of the Australian Treasury, to its board. read more
Penalty-fee politics aired in ANZ court stoush 06 October 2011 5:54PM The rationale for ANZ's cuts to exception fees on a swathe of accounts in late 2009 is the subject of a last-minute skirmish between plaintiffs and the bank in a class action over penalty fees being.. read more
NAB canters along in mortgage market 03 October 2011 5:54PM National Australia Bank continues to report growth on home loans running at twice the level of growth in system credit and consistent with trends since the second quarter of this year. read more
Aldi squib on Eftpos surcharging 03 October 2011 5:51PM Over the weekend, Aldi Stores backed away from tentative plans to surcharge payments made at its supermarkets by Eftpos debit cards. read more
Pay cuts for half of NAB's UK staff 30 September 2011 4:18PM National Australia Bank is seeking to curb its wage bill in the UK by phasing out contributions to the older of its two pension schemes for half the staff working at Clydesdale Bank. The bank's plan.. read more
Empty legal win for Aldi 30 September 2011 4:12PM Aldi Stores will get its costs paid by Eftpos Payments Australia Ltd for its largely empty victory in the Federal Court over media releases sent out by the latter that were more bombastic than misle.. read more
Cabcharge dominance tackled by Victorian inquiry 30 September 2011 4:10PM The market dominance of Cabcharge in taxi payments and the level of taxi fares overall will be considered by the Taxi Industry Inquiry in Victoria being undertaken by former competition regulators A.. read more