Paper-based payments fading away 06 March 2015 4:42PM Australia's transition away from paper to the digital economy has been underlined in the latest "Milestones Report" from the Australian Payments Clearing Association. read more
RBA to review card interchange fees and surcharging 06 March 2015 4:41PM Earlier this week, the Reserve Bank of Australia's Payments System Board released an issues paper, as the starting point for another review of card payments regulations, in line with a recommendation.. read more
Macquarie Bank's high flying lease portfolio gets a boost 05 March 2015 4:40PM A Macquarie Bank subsidiary is to acquire an 90-aircraft operating lease portfolio from the Dublin-based AWAS Aviation Capital for $US4 billion (A$5.1 billion), the Macquarie Group announced yesterday.. read more
Bank of China dominates Asian loan market 05 March 2015 4:37PM The latest Thomson Reuters monthly loan league tables, covering the calendar year to 28 February 2014, show Asia Pacific (ex Japan loan) volume has reached US$26 billion. read more
Sands' exit from StanChart sparks boardroom reshuffle 27 February 2015 5:33PM After more than eight years as group chief executive of Standard Chartered, Peter Sands is to step down from the role. The banking group, one of the world's most international banks, is listed on the.. read more
Investors snap up Suncorp's first RMBS since 2013 27 February 2015 5:28PM Yesterday Suncorp Bank priced its APOLLO Series 2015-1 Trust residential mortgage-backed securitisation, which was upsized from A$750 million at launch on 23 February to $1.25 billion at its close. read more
Green bonds attract orange light from Aussie bankers 26 February 2015 5:51PM Sean Kidney, CEO of the Climate Bonds Initiative, is in Sydney for investor and client meetings, telling people why he believes the market for green bonds issued by bank themselves is primed to take o.. read more
ASIC fronts Senate Economics Committee 26 February 2015 5:48PM ASIC has lost touch with the all-important wealth management arms of Australia's major banks and financial institutions management businesses, if an appearance before the Senate Economics Legislation.. read more
Cash Store's A$19m penalties critical for credit industry 26 February 2015 5:47PM The Federal Court's decision a week ago to award a record A$19 million civil penalty against The Cash Store (in liquidation) and Assistive Finance Australia for breaches of the responsible lending pro.. read more
Federal Court awards $19m penalty against payday lender 20 February 2015 4:42PM The Federal Court has awarded penalties totalling A$18.975 million against payday lender The Cash Store (in liquidation), and loan funder Assistive Finance Australia for their failure to comply with c.. read more