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GFC thwarts retailers’ financial services ambitions
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03 September 2010 6:45amOne outcome of the financial crisis that has not received much attention is the impact it will have on the ambitions of big retailers and telecommunications companies to get into the financial services market. Those ambitions have been dealt a heavy blow, according to a senior banker. » read more »
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Dispute resolution teething troubles
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03 September 2010 6:45amThe dispute resolution arrangements in the National Credit Act are causing concern, with some credit providers saying the protocols that govern the way complaints are handled are skewed to give too much control to the external dispute resolution schemes. » read more »
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ASB close to selling Aegis
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03 September 2010 6:44amASB Bank is in advanced talks with Pyne Gould Corp to sell its subsidiary, Aegis, a provider of portfolio administration and reporting services. » read more »
- GRGI a third ASX ATM play
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03 September 2010 6:44amA vision of a cashed, rather than a cashless, society continues to inform the plans of niche providers to the banking sector. One start-up seeking capital from an ASX listing is an aspiring deployer of automatic teller machines, GRG International. » read more »
- Second stab at listing for My ATM
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03 September 2010 6:44amMy ATM last Friday issued a replacement prospectus and will push ahead with plans to sell at least $4 million, and as much as $10 million, in new shares for a 21 per cent stake in the company. The company also plans to list on the ASX. » read more »
- Bank stocks are range bound
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03 September 2010 6:43amShare prices of the big four banks moved up between four and 5.5 per cent over the past week, with Commonwealth Bank leading the way. The banks have regained most of the ground they lost earlier in the month. » read more »
- Hunter mutuals merge
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03 September 2010 6:42amPhoenix Credit Union plans to merge with Maitland Mutual Building Society, a rare merger of a credit union with a building society. » read more »
- Bendigo and BOQ talking again
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02 September 2010 6:38amBendigo and Adelaide Bank and Bank of Queensland held preliminary talks over the merit of a merger between the two banks The Australian reported. » read more »
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Full circle for D&B
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02 September 2010 6:37amTen years after selling its Australian arm in a management buy out Dun & Bradstreet Corp has bought the business back. » read more »
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Fast access not fast payments motivates ANZ
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02 September 2010 6:36amA free iPhone application that allows ANZ customers to monitor and manage their accounts and send a payment to any mobile phone has attracted 31,000 downloads in the first five days since its soft launch. » read more »
- A poor week for payment systems
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02 September 2010 6:36amAccess of any sort has been a challenge for banks in recent days. Just a week ago ANZ’s in-store eftpos system went awry for several hours leaving merchants and customers frustrated. » read more »
