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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RBNZ tools 'days away'
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31 May 2013 7:16amThe Reserve Bank of New Zealand could announce that within days it will be using one of its new macro-prudential tools to reduce risks to banking system stability from any future slump in an over-valued housing market. » read more »
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SmartPay eyes Australian listing
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31 May 2013 7:15amAuckland point-of-sale payment system provider SmartPay has reported a profit turnaround and plans further expansion in Australia, along with a listing on the Australian Securities Exchange by mid-July. » read more »
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Briefs: SMSF trustees to get out of cash, CBA upgrades Kaching
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31 May 2013 7:14amLow interest rates are forcing SMSF trustees to look for alternatives to cash; and Commonwealth Bank has added a QR code reader to its Kaching mobile banking service.
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Appointments: New head of debt capital markets at Westpac
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31 May 2013 7:11am
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Technocash accounts linked to money laundering
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30 May 2013 7:12amUS authorities are seeking to seize A$38 million from three accounts held in Australia by Westpac in the name of a Sydney funds transfer company, Technocash. » read more »
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Card surcharge surveillance planned
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30 May 2013 7:11amThe Federal Government is stirring up banks and merchants over "concerns about credit card surcharges and non-transparent transaction fees", and has requested a study from CCAAC.
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CBA launches card acceptance agreement with UnionPay
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30 May 2013 7:11am
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ANZ launches A$425 million share buyback
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30 May 2013 7:10am
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CUA closes branches
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30 May 2013 7:08amCredit Union Australia is to close 10 branches in south-east Queensland and in New South Wales. » read more »
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CBA consultant sanctioned
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30 May 2013 7:08amA former consultant to Commonwealth Bank will have to repay A$277,000 "misappropriated" after "submitting duplicate timesheets to support his invoices." » read more »
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Bank of Sydney picks CEO
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30 May 2013 7:07am
