NAB UK conduct still a problem

Having thrown in £1.5 billion over five years to prop up its Clydesdale Bank operation in Britain, National Australia Bank looks like it will have to divert yet more capital to the UK. read more

G20 sticks with banking reform plans

The final communiqué from the meeting of finance ministers and central bank governors of the Group of 20 in Sydney over the weekend suggests there will be no backsliding on the regulatory reform prio.. read more

Ultradata sheds legacy image

A key supplier of banking technology to Australia's mutual financial institutions insists that its offering is "world leading" and by no means a legacy platform, as inferred in a recent Banking Day fe.. read more

APRA expects rules to stick

John Laker, chair of the Australian Prudential Regulation Authority, has defended the more onerous regulation of banks since the GFC, insisting it was appropriate that they met minimum capital and liq.. read more

Finance workers earn more

Wages growth in the finance and insurance sector is skipping along. The Australian Bureau of Statistics estimated hourly rates of pay excluding bonuses increased by 3.1 per cent over the year to June.. read more

Wide Bay earns more from less

Wide Bay Australia is getting its profitability back in order, with a rise in net profit for the six months to December 2013 of A$7.2 million, up from $5.5 million for the previous corresponding perio.. read more

Financial losses inevitable

"No financial regulator can prevent all losses from occurring," Greg Medcraft, chair of the Australian Securities and Investments Commission told a Senate inquiry yesterday. read more

ME risk chief leaves

ME Bank confirmed that Nick Vamvakas, its chief risk officer, will leave at the end of February after 21 years with the bank. read more

Bankwest payroll top heavy

Commonwealth Bank provided a glimpse into the payroll of its Bankwest business, in the course of a successful defence to efforts by the Finance Sector Union to rope in more senior staff to an enterpri.. read more