ACCC warns industry 01 November 2024 7:02AM Latest news Ian Rogers Businesses across the banking and financial sector “should be mindful that the ACCC will not hesitate to take action where necessary to protect competition including through court action” the ACCC chi.. read more
LET'S SET THINGS STRAIGHT 09 August 2024 4:39PM Latest news Banking Day staff OUR CHEAPEST SUBSCRIPTION OFFER IN 20 YEARS read more
Banks losing FX market share 31 July 2024 6:36AM Latest news Ian Rogers Fintechs are making headway in the foreign exchange market, largely at the expense of banks, ACCC research has found. read more
States take up the cudgels on eConveyancing 12 July 2024 6:28AM Latest news Ian Rogers Two state governments are stepping forward to make eConveyancing interoperability a commercial reality. read more
CDR a costly fizzer 28 June 2024 4:37AM Latest news Ian Rogers Why bother persisting with the Consumer Data Right? This seems a relevant question, at least in banking, analysis by Accenture for the ABA suggests. read more
Banks champion 'loopy' scams patrol combo 14 June 2024 12:17AM Latest news Ian Rogers To the alphabet soup of combatting financial crime and scams, add ‘loop’ – and fluffy industry PR. read more
Armourguard buys NZ CIT competitor 02 April 2024 3:43AM Latest news Ian Rogers Armourguard, the dominant supplier of cash-in-transit services in New Zealand, is on the cusp of establishing its own monopoly. read more
Scam losses fall 14 March 2024 3:11AM Latest news John Kavanagh Reports of scam losses to the ACCC’s Scamwatch service declined in the December quarter, with decreases in all the common forms of scam activity. read more
Tired Suncorp Bank easy meat for ANZ 06 March 2024 4:01AM Latest news Ian Rogers The barely challenged lack of competitiveness or even relevance of Suncorp Bank is the dark heart underlying the full decision of the Australian Competition Tribunal to grant authorisation for ANZ to.. read more
Hopeless: Tribunal entrenches the oligopoly 21 February 2024 6:14AM Latest news Ian Rogers Comment: Each takeover of a smaller rival proposed by a big Australian bank has won clearance from competition authorities over the last 35 years. Every single one. read more
ANZ blunders: Town & Country and now Suncorp 21 February 2024 6:12AM Latest news Ian Rogers Comment: In the disgraceful Australian catalogue of bank takeovers, one overlooked old ANZ favourite bears a review. read more
The brawls around cash 05 February 2024 5:35AM Latest news Ian Rogers One of the biggest stoushes in Australian banking in a long, long time is approaching its crescendo, as the RBA steps up to oversee industry conversations around the economics of cash-in-transit and t.. read more
ACCC's flawed deposit inquiry 22 January 2024 4:51AM Latest news Ian Rogers The yawning gaps and slender recommendations in the final report of the ACCC’s deposits inquiry mean there will be little change in the disparities and the dissatisfaction plaguing the deposit taking.. read more
Brokers, Macquarie 'limit coordination' 15 December 2023 4:56AM Latest news Ian Rogers Macquarie Bank, HSBC and ING “are in a position to defeat coordination” by major banks, Ruth Higgins, barrister for ANZ told the Australian Competition Tribunal yesterday. read more
CBA tries to rein in liability for customer losses triggered by digital outages 14 December 2023 4:28AM Latest news George Lekakis Commonwealth Bank has handed itself an early Christmas present that could potentially shield it against expensive compensation claims from business customers who suffer financial losses during banking.. read more
Bendigo BOQ merger 'mere possibility' 12 December 2023 5:02AM Latest news Ian Rogers There have been exploratory conversations between Bendigo and Adelaide Bank and Bank of Queensland, Bendigo told the Australian Competition Tribunal – but they won’t lead anywhere. read more
Bendigo 'must spend vast amounts' 11 December 2023 5:39AM Latest news Ian Rogers A merger of Bendigo and Adelaide Bank and Suncorp Bank “would allow them to effectively compete”, the Australian Competition Tribunal heard on Friday. read more
Suncorp a secondary competitor 08 December 2023 4:55AM Latest news Ian Rogers Suncorp Bank “is not a particularly vigorous competitor” Suncorp’s barrister told the Australian Competition Tribunal yesterday. read more
ACCC gives banks the nod to work on cash services solution 07 December 2023 5:53AM Latest news John Kavanagh The ACCC has granted interim authorisation to the ABA, its member banks and industry participants to work together to develop an arrangement that will guarantee the ongoing distribution of cash. read more
Suncorp bases its case on its own hopelessness 06 December 2023 5:42AM Latest news Ian Rogers Suncorp’s barrister painted the banking business of his client in a very poor light at the Australian Competition Tribunal. read more