Insurance taxes on Tax Forum agenda 29 July 2011 4:31PM The taxation of savings as well as options to replace specific taxes such as those on insurance will be up for discussion at the Tax Forum the Australian Government plans to hold over two days in th.. read more
Macquarie finds cost savings in classic banking 29 July 2011 4:29PM Macquarie Group yesterday provided an update on its earnings outlook for the year to March 2012 that analysts interpreted as being an "operational downgrade". read more
Problem loans pile up at BOQ 28 July 2011 4:31PM Severely past-due loans climbed quickly at Bank of Queensland in the May 2011 quarter, rising by one third to A$460 million. read more
Westpac takes a day to catch up on batch payments 27 July 2011 4:46PM Westpac and its banking counterparts took a full day yesterday to work through the mess created by a failure of the bank's batch payment processing procedures on Monday evening. read more
No surcharging agreement 27 July 2011 4:31PM Industry lobbies and key participants in the payment system have been arguing their corner in the latest round of submissions to the Reserve Bank of Australia regarding surcharging on credit card pa.. read more
Payment challengers favour card surcharging 26 July 2011 4:21PM Two of the firms taking on Cabcharge in the market to process payment cards in taxis have defended the 10 per cent surcharge on fares that the latter pioneered and which they, in turn, depend on to.. read more
Strategic pause for CBA 25 July 2011 4:37PM While tempting to conclude it will be business as usual at Commonwealth Bank following the change of CEO later this year, the selection of a comparatively inexperienced executive, in banking at leas.. read more
Fifth bank brand an option for Westpac 25 July 2011 4:34PM Westpac may still be working on a further internet-only bank brand, known internally as Red, the Australian Financial Review reports. read more
Surcharging scourge overstated, say merchants 21 July 2011 4:32PM More research is needed into the incidence of credit card surcharging before any regulatory steps are taken to curtail merchants' present freedom to levy their customers, or so the retail industry l.. read more
Merchant surcharging best left to the market, say banks 21 July 2011 4:28PM Only two banks and one banking association lodged submissions with the Reserve Bank of Australia over the review into surcharging on credit card payments, and they are lukewarm on the merits of any.. read more