The customer 8 Westpac defence 18 May 2020 6:05AM Westpac’s “defence” to the landmark anti-money laundering litigation with AUSTRAC is that it barely has one. Many systems and checks failed, including second-line and third-line defences. read more
Deadpan ME had 5 months 15 May 2020 5:43AM Steering questions off to notice, with plenty of ‘I’m not sure’ and a bit of ‘you’ll have to ask them’, ME’s Jamie McPhee got the better of the House Economics committee yesterday. read more
CBA volumes hold on 14 May 2020 6:18AM Weekly application volumes trended lower over March, April and May “relative to the peak volumes experienced in February,” Commonwealth Bank said in a trading update yesterday. read more
Anything goes at AFG 14 May 2020 6:11AM A fully underwritten $60 million capital raising by AFG will be used to underpin its own-brand mortgage business, investment in mezzanine funding, IT upgrades or even “market opportunities that AFG mi.. read more
CASU hires CEO from CBA 12 May 2020 6:14AM Local boy returns with mergers on his mind: it’s almost a trend. Now Todd Roberts is the new chief executive of Credit Union SA. He’s from CBA, a business manager trained in state rounds. read more
Moody Members trips over year 12 May 2020 6:09AM When you’ve only got a Moody’s rating you probably paid for it. Moody’s rate RACQ Bank Baa1 (Stable). read more
Banking’s latitude tested 11 May 2020 6:34AM The total number of loans deferred is now at least 643,000. read more
Stash rate reset 08 May 2020 6:30AM Xinja Bank will bow to the inevitable and lower the interest rate on its Stash savings account to 1.8 per cent, from 2.25 per cent, effective May 11. read more