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Unprofitable Xinja lacks basic banking capability. read more

In Banking Day’s opinion the market and the public and the parliament are chronically under-informed with regard to the context and the scale of the apparent carelessness of ASIC’s deputy chair and ch.. read more

Around 35 years ago, Banking Day editor Ian Rogers was the enabler of a fraud on the Commonwealth by a slick new divisional CEO of a large department, an episode with strong parallels to the affair t.. read more

Fully impaired is phrase you won’t often read in connection with the goodwill from a recent banking takeover. Over the three years since diversifying into banking, the operating losses from RACQ Bank.. read more

For now there is no supplement to the operational capital charge of Bendigo and Adelaide Bank, but there will be, with the bank named and shamed twice in short order. read more

Failures will forge many bank and fintech bonds but the more strategic fintech bank mergers will be hard to explain away to the ACCC and its hopeful chair Rod Sims. read more

Demand for cash and the use value in cash is a worldwide story. read more

Tyro, Australia’s foremost payments fintech, will become “the exclusive merchant acquiring partner” for Bendigo and Adelaide Bank, an arrangement that will roll out over early next year. read more

The RBA “does not expect to be increasing the cash rate for at least three years,” the governor Philip Lowe made clear yesterday, fanning the belief that that a cash rate easing (to c10 bps) is near c.. read more

There were 113 data breaches and other cybersecurity incidents affected the banking and finance sector over the year to June 2020. read more