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).
- Briefs: Symond payday, inquiry panel members named and ANZ loses data
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03 June 2013 7:12amCommonwealth Financial Planning fraud detailed; HSBC may sell its 99 per cent stake in PT Bank Ekonomi stake; NAB supports staff suffering domestic violence; S&P's insurance ratings' criteria stays; and more.
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Technocash faces costs of money laundering
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31 May 2013 7:18amFunds' transfer company Technocash voluntarily froze bank accounts connected to the internet currency Bitcoin in the recent past because of allegations of money laundering. » read more »
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NAB issues 12-year covered bond
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31 May 2013 7:18amNational Australia Bank issued €750 million of covered bonds yesterday – its fifth transaction since the covered bond market opened in Australia last year.
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Data breach reporting to be mandatory
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31 May 2013 7:17amThe federal government has introduced legislation to make the reporting of data breaches mandatory, following complaints that businesses were not reporting breaches to affected customers. » read more »
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BankVic is Australia's newest mutual bank
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31 May 2013 7:17amAustralia's ninth mutual bank opens its doors for business on Monday. The new mutual bank is BankVic, formerly Police Credit. » read more »
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Banking innovation held up by regulation
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31 May 2013 7:16amAustralia's regulatory environment is holding back payment innovation, and until the advent of real-time settlement, in 2016, innovation in this area will be limited, delegates at the CeBIT conference in Sydney were warned. » read more »
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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 »
