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From October, bank customers will no longer need BSB and account numbers when transferring money. This is just one of the ways the New Payments Platform will impact banks, merchants and retailers this.. read more

Branches with Bank of Melbourne branding are finally among the branch closures being undertaken by Westpac. read more

The dual ASX and NZX payments network company, Smartpay, announced a full year after-tax profit of A$2.2 million (an improvement on the last financial year's $200K result). read more

China's financial regulators are notching more victories in their campaign to rein in opaque and risky lending practices. read more

Buyers are being sought for a big chunk of Westpac Banking Corp's stake in fund manager BT Investment Management. read more

A US federal judge is trying to assess the size of a potential class action alleging that a dozen megabanks, including Goldman Sachs Group and Bank of America, colluded to block start-up trading platf.. read more

One theme in industry messaging on the consequences of the planned liability levy on banks is reproduced as a strongly held view in a regular opinion poll by Essential Media. read more

IMB Ltd dipped into the hybrid pool on Friday, selling A$40 million via a subordinated tier two and Basel III-compliant floating rate note. read more

AFG has asked regulators to keep a watchful eye on the big banks to ensure they do not use the government's recently announced major bank levy and the findings from their own ABA remuneration review a.. read more

Dominant Indian mobile wallet provider Paytm is to open its own Payments Bank on 23 March, joining telco Bharti Airtel as one of the first non-banks to take advantage of their Government's relaxing of.. read more