Pepper shareholders to accept cash and equity 16 November 2017 5:59PM One of Australia's most successful non-bank financial services companies, Pepper Group Limited, is about to be sold to private equity firm and its clients. read more
Westpac NZ has capital requirements increased after regulatory fail 16 November 2017 5:25PM Westpac New Zealand has had its minimum capital requirements increased after the Reserve Bank of New Zealand found it had failed to comply with regulatory obligations relating to its status as an inte.. read more
Sherwin Financial Planners collapse draws 10-year prison sentence 15 November 2017 5:47PM Following an ASIC investigation, Bradley Sherwin (the former principal of Sherwin Financial Planners Pty Ltd and chairman of Wickham Securities Ltd) has been sentenced to ten years in prison for fraud.. read more
Hammond Review unleashes a mutual bond option 10 November 2017 6:06PM The extra capital available to mutual banks under the changes recommended by Greg Hammond in his review of the sector - part of a clear government "charm offensive" against the major banks - will enab.. read more
Home loan demand drops but first home buyers benefit 10 November 2017 6:02PM The latest Australian Bureau of Statistics trends for housing finance in the months to September 2017 show strong growth in the number of loans to first home buyers - although this was driven mainly b.. read more
ING Australia ends all ATM and online shopping fees globally 10 November 2017 6:00PM ING Australia is ramping up its efforts to reward existing customers and attract new account holders - provided they bring enough business to make ING their main bank - and is ending ATM fees globally.. read more
Eftpos automates dispute resolution 10 November 2017 5:59PM National payments system eftpos has developed a new service to resolve disputed transactions between the members on its service more simply. One advantage of a centralised dispute processing sys.. read more
GlobalData NPP report warns banks against underinvestment 10 November 2017 5:57PM The price tag for Australian banks to bring the country's New Payments Platform into operational service this year is estimated to be US$785 million (A$1 billion), according to analysts at GlobalData. read more
Hammond Review backs large-scale rule changes to free up mutual sector 09 November 2017 6:01PM The mutuals sector could be about to enter a new era of competitive funding - if the recommendations made as a result a review into how to support cooperatives, mutuals and member-owned firms in Austr.. read more
Mutuals sector reacts positively to Hammond Review 09 November 2017 5:59PM Gregory Hammond's report into how to free up mutuals to take on a wider choice of funding options was met with widespread acclaim by major players in the mutuals sector. read more