ADVERT: Westpac NZ share their recent digital transformation journey 09 June 2015 10:34PM Digital Financial Services 2015 25 - 26 August 2015The Menzies SydneyWebsite: Digital Financial Services 2015 read more
NZ Ombudsman rejects increased compensation limit 09 June 2015 4:44PM New Zealand's Banking Ombudsman Scheme has rejected the recommendations from a formal review that it increase its compensation limits from NZ$200,000. read more
Briefs: Finance sector honours 09 June 2015 4:20PM Four finance sector executives scored gongs in the Queens Birthday honours. read more
Foreign news: Britain to review bank tax, Apple Pay for UK, SEC investigates banks' Chinese hires 09 June 2015 4:18PM The British government is preparing to review the tax on banks to prevent large multinational banks from leaving London's financial centre and shifting operations overseas. read more
Singapore's DBS to open shop in Sydney 05 June 2015 3:58PM Singapore bank DBS has received regulatory approval to operate in Australia, and plans to open a branch in Sydney later this month. The bank will offer institutional banking services. read more
Briefs: NAB renews LMI with Genworth, new inquiry into loan defaults, NAB's share offer falls short, 05 June 2015 3:57PM National Australia Bank has completed the retail component of its share issue, raising A$2.04 billion. The institutional component, which was completed last month, raised $2.7 billion. read more
Foreign news: Samsung Pay delayed, biometric banking systems, Chinese bank in Riyadh 05 June 2015 3:56PM The launch of Samsung Pay, a joint venture between the handset maker and MasterCard and Visa, is to be delayed from July until September, reports Bloomberg. read more
Briefs: Bendigo and Adelaide and Pepper launch RMBS deals, fixed rate demand returns, housing afford 04 June 2015 4:40PM Two lenders, Bendigo and Adelaide Bank and Pepper Australia, launched issues of residential mortgage-backed securities yesterday. read more
Foreign news: Rakyat banks collaborate, new climate bonds standard for buildings, Chinese lenders to 04 June 2015 4:38PM Bank Kerjasama Rakyat Malaysia plans to expand its services to Indonesia by joining up with Bank Rakyat Indonesia. read more
Briefs: NAB Transact not transacting, low business demand for credit 03 June 2015 4:06PM National Australia Bank's e-commerce platform, NAB Transact, has been playing up for the past few weeks, with the bank acknowledging slow performance and a series of log-in issues and time-outs. read more