Latest News

• Ian Rogers

Two convictions for corruption. Two prison terms for senior bankers, one of them a CEO. read more

• Banking Day staff

This is the final edition of Banking Day for 2024. Thanks for supporting a 22nd year of independent industry journalism. read more

• Ian Rogers

Alarm bells are going off at the Payments System Board: the time for yabbering about decommissioning BECS is over, and the time to figure everything out, and study all the costs and comprehend all th.. read more

• Bernard Kellerman

The move towards phasing out BECS in favour of the New Payments Platform is gaining traction. The next steps in this process and how the industry will get there was the working thesis of a panel disc.. read more

• Ian Rogers

Lyndon Kingston, the former CEO of Bananacoast Community Credit Union, has been sentenced to 18 months in prison. read more

• Ian Rogers

Why would Nuno Matos accept the job of chief executive of ANZ to begin with?  read more

• Ian Rogers

There will be no IPO of Kiwibank, probably, before 2028. In the meantime New Zealand’s government yesterday said it mandated Kiwibank to New Zealand professional investor groups about a potential inve.. read more

• Ian Rogers

AT1 or hybrid capital will be removed from the bank prudential framework, APRA confirmed yesterday. read more

• Bernard Kellerman

Visa has mandated that Australian financial institutions provide their customers with safer and more advanced authentication options beyond SMS One-Time Passwords by October 2026. read more

• Ian Rogers

Banks are paying out very little in compensation to victims of scams and frauds, with $48 million paid to customers in 2023/24. read more

• Ian Rogers

A representative action against NAB subsidiary NULIS Nominees (Australia) Limited in its capacity as trustee of the MLC Super Fund (No 4) has been dismissed by the Federal Court of Australia. read more

• Bernard Kellerman

Several new asset classes, including reverse mortgages, data centres and SME loans are emerging as a result of changing societal views and business pressures in the Australian economy. For these asset.. read more

• Bernard Kellerman

Ways to support sustainability was a consistent theme for many of the sessions on Day 2 of the ASF 2024 conference in Sydney yesterday. However, as panellists explained, there is plenty more work to.. read more

• Bernard Kellerman

Asset-backed securitisations have been on a steep issuance curve since markets were freed up post-Covid, and there is more to come.  read more

• Bernard Kellerman

2024 has emerged as the strongest year for securitisation in over a decade, where strong investor demand has driven spreads lower despite high issuance. read more

• Ian Rogers

Resimac Group yesterday said it will be appointing Pete Lirantzis as CEO, effective in the first half of 2025.   read more

• Bernard Kellerman

Large banks and telcos are intending invest further in artificial intelligence platforms according to a new report from data analytics and consumer credit reporting company, Experian. read more

• Ian Rogers

Interchange will be in the spotlight in the Reserve Bank of Australia’s upcoming review of payments fees and payments regulation. read more

• Ian Rogers

Australian Finance Group yesterday announced that it will seek to acquire non-controlling equity stakes across its network of mortgage broking businesses.  read more

• Ian Rogers

Investors will be asking the board and management of Axiom Properties why it failed to disclose its heavy loss in the Supreme Court of NSW three weeks ago, in a case in which the fintech founder Luke.. read more