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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).

Subscription content please login to view - PayPal launches new pay anyone facility PayPal launches new pay anyone facility
03 September 2015 7:00am
PayPal has launched a new ‘pay anyone’ facility that has been designed to make it easy for consumers and businesses to request payments. » read more »
Subscription content please login to view - Actuaries call for stability in retirement incomes policy Actuaries call for stability in retirement incomes policy
03 September 2015 6:59am
The Actuaries Institute yesterday released its retirement incomes white paper, titled “For Richer, For Poorer.” The report, prepared by Rice Warner on behalf of the Institute, outlines the financial risks facing future retirees based on their ages and wealth profiles.
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Subscription content please login to view - Housing affordability improves in June quarter Housing affordability improves in June quarter
03 September 2015 6:57am
In the June 2015 quarter the proportion of household income required to meet loan repayments decreased by 0.5 percentage points to 30.3 per cent, according to the latest Adelaide Bank/Real Estate Institute of Australia Housing Affordability report. » read more »
Subscription content please login to view - Briefs: Genworth appoints new CRO, NZ covered bonds perform well Briefs: Genworth appoints new CRO, NZ covered bonds perform well
03 September 2015 6:55am
Mortgage insurer Genworth has appointed Andrew Cormack to the position of chief risk officer. » read more »
Subscription content please login to view - Foreign news: Novo Banco sale on hold, impaired loan rules panned, small banks outperform, and more Foreign news: Novo Banco sale on hold, impaired loan rules panned, small banks outperform, and more
03 September 2015 6:54am
Negotiations between the Bank of Portugal and an unidentified buyer over the sale of Novo Banco have broken down, according to a BBC report. » read more »
Government scraps bank deposit levy
02 September 2015 6:57am
The Government has dropped plans to introduce a deposit levy to fund the Financial Claims Scheme, in line with a recommendation of the Financial System Inquiry. » read more »
Comment: Deposit insurance remains unfunded
02 September 2015 6:56am
Banks in Australia have won a free kick from the Government, with plans for one form of a funded system of deposit insurance now abandoned. » read more »
Lenders turn their attention to owner-occupiers
02 September 2015 6:54am
Mortgage lenders have spent the past couple of months adjusting rates and conditions on their investor loans but now they are turning their attention to the owner-occupiers segment, where they hope to find growth.

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Credit card issuers chase new business as balances continue to fall
02 September 2015 6:54am
The consumer credit market is flat and credit card balances are in decline but card issuers seem keener than ever to win new business. » read more »
Briefs: DBS launches Sydney branch, ANZ signs new contract with IBM, Myer leaves financial services out of strategy update, vexatious litigant reined in
02 September 2015 6:52am
ANZ has extended its longstanding partnership with IBM under a A$450 million five-year deal that will delivery technology to support the bank's expansion in Asia. » read more »
Foreign news: Opposition to BoA joint CEO and chairman move, UK contactless payment limit increased
02 September 2015 6:41am
Two large US institutional investors have expressed their opposition to a move by the board of Bank of America to allow its chief executive Brian Moynihan to also serve as chairman. » read more »
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