Westpac will remove all product-related incentives from teller remuneration throughout the branch network, as part of a review of products and processes aimed at making sure they are in customers' interests. read more
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Yieldbroker breaks into the US market
Local over-the-counter interest rate securities exchange, Yieldbroker, has been granted relief by... read more
Banks need to be smaller to prosper
A PwC report, "Escaping the Commodity Trap", argues banks need to become smaller, simpler and... read more
ANZ settles Oswal case
ANZ has reached a settlement with Pankaj and Radhika Oswal, following a dispute over the... read more
Briefs: Strong local support for UnionPay, Warwick Negus appointed BOQ director
About 270,000 point of sale terminals in Australia now support UnionPay's QuickPass mobile... read more
Foreign news: Monte dei Paschi at risk of a bail-in
Italian bank Monte dei Paschi is struggling to complete a €5 billion recapitalization and €30... read more
Suncorp appoints a new head of banking and wealth to drive its restructure
Suncorp has filled a big gap in its management ranks, with the appointment of a new head of... read more
Steep rise in data breaches
Identity theft attacks accounted for 64 per cent of the 974 data breaches reported worldwide in... read more
Retail bank customers ready to try an alternative
Eighty-six per cent of Australian consumers consider a traditional bank with branches to be their... read more
Briefs: NAB issues A$800 million of subordinated notes, Pepper appoints head of Australian mortgages, Maleny CU looks for a new model, MyState issues subordinated notes.
NAB and MyState issue subordinated notes, Maleny CU searches for a new model and Pepper appoints... read more
Foreign news: Postal Bank of China completes IPO, Wells Fargo boss told to resign, Banco Santander walks away from Williams & Glyn takeover talks
Postal Savings Bank of China raises US$7.4 billion through an initial public offering,... read more