Four pillars is finished, fragmenting right now. A narrow bank is set to be rescued from the sewers of a Big Four controller. Others may follow.The disruption may be lame or lively, but the familiar model of an oligopoly of four - ANZ, CBA, NAB and Westpac - is being recast.The voluntary dismembering of the status quo by the cartel is rolling by in a manner helpful to long term interests of finance, banking and the shenanigans of profit reporting for the years ahead.There are champagne options in some eyes, the whole thing a nuisance to many. Our take? Rotten branding being split two ways. read more
Comment: Disdain baked deep in banking
There may be a direr word than 'dire' for the straits in which the Australian banking industry... read more
Insurance no longer possible for BEAR banks
An ADI "must not take out insurance against the consequences of breaching the BEAR for itself or... read more
Regional banks reposition for a level playing field
Expect to see the phrase "competitive neutrality" figure strongly in the next phase of debates... read more
Ramp up all Little lending
The A$20 million loan book of Little Lease Pty is a foothold for a trio of finance executives... read more
Suncorp joins the battle for customers
Suncorp, sensing it has expenses under control and revenues edging upwards, is looking to... read more
Australia’s fintech sectors take of
A report by research teams from Cambridge Centre for Alternative Finance, the Tsinghua... read more
CBA to sell life insurance businesses to AIA
In a move pitched as giving its customers a wider and deeper range of bancassurance choices, the... read more
Briefs: ANZ employees in new agreement, Crowd-sourced funding for public companies, NAB sign-up no change for Genworth
ANZ has reached an agreement with about 20,000 employees in its Australian workforce to extend... read more
CBA rejigs wealth leadership team
At the same time as announcing the sale of its Australian and New Zealand life insurance... read more
RBNZ revises policy for major banks' outsourcing
The Reserve Bank of New Zealand has revised its outsourcing policy for large banks, following a... read more
Bad and Bankwest spinoff options at CBA
Four pillars is finished, fragmenting right now. A narrow bank is set to be rescued from the sewers of a Big Four controller. Others may follow.The disruption may be lame or lively, but the familiar model of an oligopoly of four - ANZ, CBA, NAB and Westpac - is being recast.The voluntary dismembering of the status quo by the cartel is rolling by in a manner helpful to long term interests of finance, banking and the shenanigans of profit reporting for the years ahead.There are champagne options in some eyes, the whole thing a nuisance to many. Our take? Rotten branding being split two ways. read more
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