Paymark finally sold 22 January 2018 3:11AM Ingenico Group late last week confirmed they will be the new owner of Paymark, the dominant payment network in New Zealand. Ingenico will pay NZ$190 million in total to the four major local banks tha.. read more
Banks shield employee views on reform 22 January 2018 3:08AM Banks are "yet to determine" the industry's "longer term position on reporting of employee survey results," Ian McPhee wrote in his seventh "independent governance expert report" for the Australi.. read more
Briefs: Business lending jumps, loan impairment on the way up 22 January 2018 3:06AM A revision to October 2017 data may have amplified a double digit lift in the level of business lending in November. read more
Briefs: Hallmark admits mis-selling insurance, finance sector job numbers slide, CCB now a registere 22 December 2017 5:58PM Hallmark General Insurance Company Ltd (trading as Latitude Insurance) will refund approximately A$1.1 million to 905 customers after it mis-sold consumer credit insurance with Latitude personal loans.. read more
Foreign news: Japan and Korea to pilot Ripple transfers 22 December 2017 5:56PM Japanese and Korean banks are to run pilot trials of real-time cross-border funds transfers over the Ripple network. read more
Brief: Investment bankers line-up for Prospa IPO 21 December 2017 6:28PM The AFR's Street Talk understands a handful of banks have pitched to Prospa's chief executives Greg Moshal and Beau Bertoli in recent weeks, ahead of a possible ASX listing. read more
Foreign news: UK stays open to foreign banks, Bitcoin exchange problems widen, a disastrous year, Ta 21 December 2017 5:55PM The Bank of England said it would keep the UK's financial system open to foreign institutions after Brexit. read more
Foreign news: Swap rate rigging costs Barclays trader, 1MDB scandal takes down two more 20 December 2017 5:08PM A former Barclays trader will have nearly £300,000 "confiscated" for manipulating the Libor (the UK equivalent of the BBSW), reports Bloomberg. read more
CHOICE slams new industry code of conduct 19 December 2017 5:39PM Consumer advocate CHOICE has issued a damning assessment of the new superannuation and life insurance industry code of conduct, claiming important consumer protections have been stripped from it. read more
Briefs: ANZ names new head of US arm, heart attack pain for CommInsure, Rabobank NZ picks new CEO, 19 December 2017 5:30PM ANZ's top executive in Japan, Grant Knuckey, is preparing to relocate to New York after he was appointed to head up the company's US operations. read more