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Latest news and insights on banking and finance in Australia and New Zealand, as delivered in the daily 7am Banking Day email news service (subscribe or take out a free trial).

Consumer advocate warns of a rise in dodgy vendor finance arrangements
28 January 2015 6:54am
A real estate agent providing vendor finance arrangements for property sales, Again Investments, has been accused of unconscionable conduct and misleading and deceptive conduct over a "rent to buy" contract involving a Centrelink client.

» read more »
Optus credit insurance policy held invalid for a second time
28 January 2015 6:52am
Trade receivables insurer Atradius has won an appeal in a wrangle with Optus over a credit insurance policy from 2007 that covered money owed to the telco by its customer Bill Express. » read more »
ANZ facing pay blues
28 January 2015 6:51am
Friction is building between ANZ and the Finance Sector Union following a bank offer to some employees for an extra 0.75 percentage point pay rise if they forego select conditions. » read more »
ADVERT: Digital Disruption X 11-12 March, Dockside, Sydney
28 January 2015 6:46am
Digital Disruption X
11-12 March, Dockside, Sydney
Business Model Evolution | Digital Transformation | Innovation & Agility
We are please to invite you to view the program for Digital Disruption X. The event features over 35 C-level and senior speakers representing business and thought leaders from across various sectors. » read more »
Under geared and underwhelmed by borrowing opportunities
28 January 2015 6:45am
According to two recent surveys, business demand for credit may be worse than lacklustre, representing a significant restraint on growth for banks in Australia. » read more »
Once a PEP always a PEP
28 January 2015 6:45am
Politically exposed persons, who are treated as high-risk customers under anti-money laundering and counter-terrorism financing law, may continue to pose a high risk even after they cease holding a public position. » read more »
ADVERT: eBook: The Evolution of Payments in a Digital World
28 January 2015 6:43am

eBook: The Evolution of Payments in a Digital World

New tech and changing customer behaviour is transforming the face of payments as we know it. Traditional payment models are no longer enough: mobile and contactless payments, real-time payments and ‘digital wallets’ are starting to become the new norm. » read more »
Satisfaction is all very well but banks want advocates
28 January 2015 6:42am
With customer satisfaction levels near all-time highs banks are turning their attention to more challenging measures, such as net promoter scores and the number of customers likely to recommend a bank.

» read more »
Briefs: Houlihan Lokey opens in Australia, A$92 million of infrastructure to go on the block, forex turnover declines
28 January 2015 6:41am
US investment bank Houlihan Lokey has entered the Australian market, with operations focused initially on corporate finance and restructuring work » read more »
ANZ gazumps NAB with tier one issue
27 January 2015 6:42am
National Australia Bank has just learned to its chagrin not to flag its moves to the market too far ahead. » read more »
Comment: A bank capital explosion
27 January 2015 6:41am
The fast work by ANZ to jostle to the front of the bank capital sales queue is a symptom of an overpowering drive in the industry at present. » read more »
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