2

Banking costs money, and the US’s biggest consumer bank is about to make that real for customers by starting to charge for current accounts, largely known there as checking accounts. read more

CreditorWatch’s latest Business Risk Index reports a 48 per cent increase in B2B trade payment defaults over the 12 months to February read more

Westpac has moved its audit business from PwC, its auditor of 50 years, to KPMG.  read more

After delisting from the Australian Securities Exchange in December, buy now pay later company Splitit has established a share trading facility with PrimaryMarkets, a platform for trading private secu.. read more

Bank of Queensland is selling its NZ$238 million New Zealand commercial loan and lease portfolio to UDC Finance Ltd, in a deal that will result in a loss of A$17 million to $20 million. read more

The outgoing chief executive of Credit Suisse Australia, Richard Gibb, will join the ANZ board as a non-executive director. read more

The chief executive of youth support service ReachOut, Ashley de Silva, has been appointed CEO of leading consumer advocacy group CHOICE.  read more

Banking Day will be taking a five week break for the summer.   This is our final edition for 2023. Many thanks to readers for supporting a 21st year of independent industry journalism.   read more

In one of its first acts since its swearing in, New Zealand’s new National-led coalition government has amended the remit of the RBNZ’s monetary policy committee, removing the ‘dual mandate’ introduce.. read more

Warren McLeland, a former stockbroker and investment banker, has joined the board of BNK Banking Corp. read more