APRA warns about data risk

The Australian Prudential Regulatory Authority has written to banks and other ADIs warning them about the importance of properly using and storing data. read more

Citi: Australian cuts to be minor

Citi in Australia is likely to cut a small number of staff in the next few months, but will not see deep cuts after the announcement of a further 11,000 job losses at the bank worldwide. read more

Romanian scam forced thousands to fix systems

The alleged A$30 million Romanian credit card scam caused possibly the largest remediation effort ever undertaken within the Australian consumer payments system in the 18 months before last week's a.. read more

ABA Banking Code rewrite engages critics

The Australian Bankers Association expects to unveil a new Code of Banking Practice in mid-January, as part of its renewed effort to engage some of its loudest critics and improve the industry's re.. read more