A hundred credit union skittles still to fall

Consolidation is one of the continuing themes at the small end of the deposit-taking sector, and the CFO of one of the consolidators took a stab yesterday at guessing how many credit unions might su.. read more

Citi rents ATM sites

Customers Limited will rebrand at least 150 automatic teller machines under Citibank branding, the ATM operator announced yesterday. read more

Deposit kicker for Citi and Virgin Money

A "market-leading deposit rate" on what may be a no-transaction savings account will be the first product pitched into the market by Citibank, but carrying the branding of its new partner Virgin Mon.. read more

Retail opportunity for Australia Ratings

Australia Ratings, a boutique ratings firm formed by a handful of former staff of Standard & Poor's, yesterday announced that the firm had secured an Australian Financial Services Licence. read more

Shift to debit slows

The steady shift to payments on debit cards, and replacing payments previously made with credit cards, appears to be moderating. read more

Skewering two myths on company failures

Wind-up actions by the Australian Taxation Office against companies are much less common than sometimes made out in media commentary, and are in decline, the Commissioner for Taxation, Michael D'Asc.. read more

RBA sticks to cash target for a third month

After six rises in the cash rate target over the eight months to May the board of the Reserve Bank of Australia yesterday opted, in line with practically all forecasts, to leave the target rate unch.. read more

A plea for payments reform

The Cooper Review into superannuation, as expected, supports serious reform of the processing and administration of super payments, though the final report of the review team leaves it to Treasury t.. read more

Unit costs seven times too high in super

The superannuation sector processes more than 100 million transactions annually, according to the Cooper Review, mostly the receipt of contributions but also payment of benefits and rollovers to oth.. read more