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).
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No need for bank spin in this media market
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23 December 2004 12:00amHow has the media performed during 2004 in shining a light into the darker corners of this vital industry? As usual, greater investment in Energizer batteries is required. » read more »
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Thieves clean out the vault at Northern Bank
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22 December 2004 12:00amNational Australia Bank's insurance policy against bank robberies will need to be in order. In one of the biggest bank robberies in the UK, NAB's subsidiary Northern Bank on Monday night local time lost between £20 million and £30 million in a violent but elaborate theft on the bank's headquarters in downturn Belfast. » read more »
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No need for bank spin in this media market
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22 December 2004 12:00amHow has the media performed during 2004 in shining a light into the darker corners of this vital industry? As usual, greater investment in Energizer batteries is required. » read more »
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Consumer lobby targets bank dishonour fees
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22 December 2004 12:00amBanks like to think they are sneaking back into the good books of their consumers, with the measure of bank customers satisfied or better in Roy Morgan research creeping up over the last two or three years across the industry. » read more »
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Loss widens as SuperBank enters home loan market
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22 December 2004 12:00am
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Fitch acquires enterprise risk management vendor Algorithmics
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22 December 2004 12:00amFitch Group, the parent company of Fitch Ratings, agreed last Friday to buy Algorithmics Inc. for US$175 million. » read more »
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No need for bank spin in this media market
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22 December 2004 12:00amHow has the media performed during 2004 in shining a light into the darker corners of this vital industry? As usual, greater investment in Energizer batteries is required. » read more »
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Eftpos displaces credit during the first year of interchange reforms
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20 December 2004 12:00amData published at the end of last week by the Reserve Bank of Australia on the use of payment cards for the month of October 2004 provides data for the first full year since the payments regulator forced banks to lower the level of interchange fees paid to each other on credit card transactions. » read more »
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Merchants wrangle with APCA over Eftpos reform
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20 December 2004 12:00amMerchants opposed to any reform of Eftpos interchange and the Australian Payments Clearing Association have exchanged some pretty pointed, and public, correspondence over the last week that gets to the heart of the Reserve Bank of Australia's deliberations over what form the regulation of the Eftpos debit network, if there is to be any regulation, should take. » read more »
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Munro nabs lieutenants from CBA
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20 December 2004 12:00amCommonwealth Bank is the recruiting ground of choice for National Australia Bank, with two more senior executives in the payments or "working capital services" division of the bank deciding to jump to National Australia Bank. » read more »
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BankWest caps high yield accounts
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20 December 2004 12:00amBank of Western Australia placed a cap on deposits in its high yield TeleNet Saver account at $1 million, in a step designed to exclude professional investors from taking advantage of the unusually high interest rate on the account. The bank also lowered the age of eligible depositors to 12 from 18. » read more »
