MyState admits over-charging, refunds $230,000 27 July 2017 4:28PM Tasmania's largest financial institution, MyState Bank Limited, has refunded more than A$230,000 in over-charged interest and fees to over 1,000 customers with mortgage offset accounts. read more
APRA to allow mutuals to issue Tier 1 capital 27 July 2017 4:27PM The Australian Prudential Regulation Authority yesterday released a discussion paper outlining how mutually owned authorised deposit-taking institutions could directly issue Common Equity Tier 1 capit.. read more
Briefs: ANZ to share adviser conduct background checks; QT Mutual prices note issue, homebuyers pref 27 July 2017 4:22PM A 'conduct background check' protocol has also been introduced at ANZ, the bank's version of the still embryonic industry black list aimed at advisers. read more
Foreign news: PayPal boosts profit in 2Q17, Better days for Asian banks, Boom time for Indonesian ba 27 July 2017 4:16PM When asked about the broad credit outlook for Asia Pacific banks in a poll of market participants on behalf of Moody's, a clear majority of the respondents in Hong Kong and Singapore said it was stabl.. read more
Brief: Edey leads ACFA and Fitch affirms four bank ratings 26 July 2017 3:34PM ACFA gets a driver. And Fitch Ratings said it affirmed the ratings of New Zealand's four major banks. read more
Briefs: Westpac branch cull, NAB Community Engagement head moves 25 July 2017 3:50PM Westpac is continuing to cull its national branch network, with another two outlets earmarked for closure. read more
Briefs: The Rental Guys fined for breaching Credit Act, hours worked up, CBA blasts Kate Carnell 21 July 2017 4:22PM ASIC has taken action against King Quartet Pty Ltd, trading as The Rental Guys, a white goods and furniture rental company. read more
Foreign news: Brits up against saving hurdle, Rabobank traders get convictions quashed, a massive no 21 July 2017 4:18PM A new report says young Brits entering the workforce face a "monumental savings challenge", needing to put away 18 per cent of their earnings each year in order to have an "adequate retirement income".. read more
Briefs: CBA may offload CommInsure, RBNZ on cyber risks, ANZ NZ's covered bonds rating 20 July 2017 4:45PM Fitch Ratings has affirmed ANZ Bank New Zealand Limited's NZ$5.07 billion of outstanding mortgage covered bonds at 'AAA'. read more
Foreign news: Asian infrastructure bank rated, Bank of England opens up to non-bank payments 20 July 2017 4:43PM S&P Global Ratings has assigned 'AAA/A-1+' long- and short-term issuer credit ratings to the Asian Infrastructure Investment Bank. read more