Sony Bank bails

The much-hyped entry into the Australian market of Sony Bank may not be happening. read more

QBE cleans up in LMI market

The 2013 financial year was one of contrasts for the leviathans of the lenders' mortgage insurance market in Australia. QBE Lenders' Mortgage Insurance recorded a hefty underwriting profit, but Genw.. read more

UBank and nabtrade excel in SMSF segment

In a measure of the significance of self-managed super funds as a target market for banks, National Australia Bank briefing documents show that 31 per cent of the turnover of its stock broking arm,.. read more

CEFC survives for now

The Clean Energy Finance Corporation will remain in business for a little longer, after the Senate voted down a bill to abolish the financier yesterday. read more

IP Payments makes acquiring plans

IP Payments hopes to acquire credit card payments as an extension of its payment processing solutions for merchants. APRA gave in-principle approval to IP Payments to become a specialist credit card.. read more

More backers for rural finance plan

A plan for a populist lending mandate for the Reserve Bank of Australia has won more backing in Parliament. Independent Senator Nick Xenophon and Democratic Labor Party Senator John Madigan introduc.. read more

Small business bankers running NAB Asia

National Australia Bank must be hoping that extensive experience in Australia's small business banking market provides the right grounding to make an impact on Asia's banking scene. Yesterday, it co.. read more

Five plot card issuing entry

At least five firms, several involved in travel services, are contemplating joining MasterCard and Visa in Australia. However, they are hoping the Payments System Board will relax the requirements o.. read more

APRA is over card system supervision

One driver behind the planned relaxation of the payment card regulation framework, which became entrenched in Australia a decade ago, is a shift in thinking at the Australian Prudential Regulation A.. read more