MyState switches CEO

MyState Financial yesterday said it appointed John Gilbert as its new chief executive, effective tomorrow. He replaces Chris Brooks. read more

Diners also in the red

Settlement of the second of the long-running wrangles with the administrators of Ansett Airlines and the costs of absorbing the business into Citi pushed Diners Club into the red in 2008, though the c.. read more

More losses for American Express

American Express Australia reported its second loss in a row in the year to December 2008, annual financial statements for the corporate and consumer credit provider show. read more

ATM choice adapts to on-screen fee

About 160,000 people a day changed their choice of automatic teller machine at which to withdraw cash during the month of March 2009, Reserve Bank of Australia payments data suggests. read more

Suncorp BOQ merger the likely option

A merger of Suncorp and Bank of Queensland, and then possibly a separation of the expanded banking business from Suncorp's insurance business, may be a more likely option than any kite flying about As.. read more

Eftpos regulation may remain

The Payments System Board dropped a pretty big hint yesterday that regulation of Eftpos interchange fees, and access, may remain in place. read more

Members Equity retains big ambitions

Members Equity Bank still retains ambitions to provide an effective alternative to the big banks, with the board seeking to adapt the strategy and aiming to fund as much as half its lending from retai.. read more

MEB looks to grow deposits

One business goal forced on Members Equity Bank by the advent of the credit crunch is to generate its own capacity to raise deposits. read more

GMAC, GE also receiving federal aid

GMAC and GE Money look likely to steer a portion of their remaining funding for car and truck dealers through the financing trust supported by the Australian government. read more