Bankwest revises pay rise almost in line with underlying inflation 24 May 2022 4:52AM Latest news George Lekakis Bankwest staff are set to vote on another revised pay offer from the company’s management following a protracted round of enterprise negotiations over the last 12 months. read more
Inflation could derail new enterprise deals at Bankwest and Westpac 23 March 2022 6:20AM Latest news George Lekakis Reignition of inflationary expectations throughout the Australian economy is about to complicate and possibly derail enterprise negotiations between the Finance Sector Union and several banks in the n.. read more
NAB staff often ‘working for nothing’ 06 December 2021 6:08AM Latest news Ian Rogers NAB staff are working many unpaid hours and “persistent and consistently high workload levels have been normalised by management fiat,” the industry union alleges. read more
FSU pushes for 3.25 per cent wage rises at Bankwest 25 November 2021 5:17AM Latest news George Lekakis Bargaining talks are set to recommence between Bankwest and the Finance Sector Union for a new enterprise agreement, with the union continuing to agitate for pay rises well above 3 per cent over the n.. read more
Westpac and FSU collide over cuts to crime prevention staff 09 September 2021 6:39AM Latest news George Lekakis Westpac yesterday confirmed that it will slash the number of staff employed in its financial crime and fraud prevention areas - a move that has put it on a collision course with the Finance Sector Uni.. read more
NAB rejects FSU’s payroll review claim 27 May 2021 5:29AM Latest news John Kavanagh NAB and the Finance Sector Union are at loggerheads over the scope of the bank’s payroll review, which is remediating widespread underpayment, and the issue looks like being determined in court. read more
ANZ staff lose redundancy guarantee ahead of branch cuts 20 April 2021 4:15AM Latest news George Lekakis ANZ has promised to redeploy around fifty staff affected by its latest round of branch closures across the country. read more
CBA escalate, seeks bank-wide vote on Enterprise Agreement 12 March 2021 6:23AM Latest news Ian Rogers Commonwealth Bank will force a ballot of all employees over a proposed (and long delayed) Enterprise Agreement that the Finance Sector Union labels a “con-job”. read more
FSU and Bendigo wrangle over pay 23 October 2019 4:48PM Authorised deposit-taking institutions George Lekakis The "Better big bank" is a lesser bank when it comes to meeting the market on pay. read more
Branch redundancy row costs NAB 27 February 2019 5:24PM Major Banks George Lekakis National Australia Bank is facing a major industrial showdown with the Finance Sector Union over plans to slash customer service staff currently employed across the national branch network. read more
Brief: CBA medical privacy breach probed, Credit union culls brands, Westpac ordered to reinstate ba 04 December 2018 5:08PM Briefs Banking Day staff As CBA prepared in July for the sale of its insurance arm, CommInsure, it discovered a potential privacy breach that may have given bank staff access to customers' sensitive medical data. read more
Interest only reset yet to distress 13 August 2018 3:43PM Mortgages Banking Day staff There has been "little sign of widespread financial distress" among those who have had their interest periods expire and have started making principal repayments, the RBA said on Friday. read more
Penalties gambit defines finance 25 July 2018 4:42PM Work & career Banking Day staff The Finance Sector Union has asked the Federal Court to rule that a global currency exchange company is covered by the banking, finance and insurance award, claiming the financial services shifted to.. read more
Banks shield employee views on reform 22 January 2018 3:08AM Major Banks Banking Day staff Banks are "yet to determine" the industry's "longer term position on reporting of employee survey results," Ian McPhee wrote in his seventh "independent governance expert report" for the Australi.. read more
Briefs: People's Choice names chief marketer, Insurance class action discontinued 21 September 2017 3:58PM Briefs Banking Day staff People's Choice Credit Union has named Kate Henley as its new chief marketing officer. read more
Political battle looms for CBA cost cuts in WA 27 June 2017 4:04PM Major Banks George Lekakis Western Australia is emerging as the next political battlefront for the banking sector as Commonwealth Bank steps up a new drive to slash costs across its national operations. read more
Misconduct common among NAB staff 06 March 2017 4:59PM Major Banks Ian Rogers More than three per cent of NAB's staff were sanctioned for misconduct last year, CEO Andrew Thorburn told a parliamentary hearing on Friday.In all, the bank found 1138 staff breached the company's ow.. read more
Unpaid work time reversed at NAB Servicing 21 November 2016 4:49PM Work & career Ian Rogers The FSU may have thwarted plans to get rid of all paid breaks at NAB Servicing. read more
Foreign news: ING cuts jobs to go digital, regional lending slowing 04 October 2016 5:00PM Foreign news Banking Day staff ING is under fire for a plan to cut 7,000 jobs in Europe and invest instead in online banking services, and Thomson Reuters reports the Asia Pacific syndicated loan market continued to shrink over the.. read more
Judge questions Westpac's handling of employee class action 28 September 2016 3:22PM Major Banks John Kavanagh A New South Wales Supreme Court judge has raised questions about Westpac's delay in dealing with a claim by former St George Bank employees and its failure to attend to its obligations. read more