Second vote likely on CBA pay dispute

The simmering dispute between Commonwealth Bank and the Finance Sector Union over the terms of a bank-wide pay rise may be put to a second, and digital, vote. The bank and the union are getting closer.. read more

Comment: No more golden buzzers from APRA

The prudential regulator will be shunning fintech auditions at the ‘APRA’s Got Talent’ theatre. How many more neobank or RADI or other licence wannabes will receive a green-light from Australia’s bank.. read more

Westpac caned over super rollover

Westpac lost hands down yesterday in the High Court, when the Court confirmed that Westpac Bank subsidiaries, Westpac Securities Administration Limited and BT Funds Management Limited breached financi.. read more

Xinja forgo their banking dreams

In the end, the exit of Xinja Bank from the industry will be handled in good order, with all banking services terminated and all depositor funds returned by 15 January 2021. read more

Solvency sniffs for banking boilover

The liquidity phase of the crisis “is giving way to a solvency phase,” and the RBA is now touting the truth that was always there at the outset of the Covid recession. read more