Revised banking code leaves room for improvement 21 December 2017 6:00PM The Australian Bankers Association's revised Code of Banking Practice, announced in stages during the past week, takes a greater interest in the rights of customers, but does not go far enough, accord.. read more
Australians' net wealth increases, despite flat wages growth 21 December 2017 5:58PM Australians' household wealth has been steadily increasing over the past decade, rising almost half a percentage point (0.5 per cent) in the previous quarter. read more
ANZ looks to reset investor expectations 20 December 2017 5:13PM Two major themes emerged at the ANZ annual general meeting: how to reset performance expectations and how to handle climate change risks. read more
Banking Royal Commission officially launched 19 December 2017 5:38PM The Federal Government has published the formal terms under which the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will operate. read more
NAB spruiks green credentials, plays down AML concerns 18 December 2017 4:54PM At Friday's AGM, NAB CEO Andrew Thorburn was keen to spruik the finance the bank was offering to projects supporting an orderly transition to a low-carbon economy and protecting environmental amenitie.. read more
CBA pushed further by Austrac 15 December 2017 5:55PM As was widely expected - indeed, it was foreshadowed by CBA itself - Australia's antimony laundering regulator Austrac served Commonwealth Bank with an amended statement of claim yesterday. read more
CBA files first round defence v Austrac 14 December 2017 6:22PM The Commonwealth Bank yesterday announced via an ASX statement circulated after close of trade that is has filed its response to the civil proceedings commenced by Austrac on 3 August 2017. read more
CBA accuses rivals of ignoring ATM deposit loophole 14 December 2017 6:21PM Despite admitting to shortcomings in its risk assessment procedures when introducing intelligent ATMs, CBA is also claiming the high ground over the limits it now sets on the use of the ATMs. read more
Banknotes are in, electronic AUD needs work: RBA 14 December 2017 6:17PM Opening the 2017 Australian Payment Summit in Sydney, Reserve Bank Governor Philip Lowe said: "I am being asked increasingly frequently: does the RBA intend to issue a digital form of the Austra.. read more
ANZ offloads life insurance arm to Zurich for $2.85bn 12 December 2017 5:54PM ANZ has completed its Wealth Australia simplification with the sale of its life insurance arm to Zurich Australia, raising almost A$3 billion in the process. read more