BCA wants liquidity reforms delayed 01 August 2013 4:29PM The Australian Prudential Regulation Authority should delay the adoption of new standards on bank liquidity, the Business Council of Australia proposes in a report on economic policy priorities. read more
Banks hit by large-scale fraud 31 July 2013 4:49PM The Australian Crime Commission believes there is "large-scale fraud" against Australian banks, but has spelt out only a generic estimate of the costs of this. read more
Stevens endorses lending restraint 31 July 2013 4:31PM Policy-makers and banks must not "try to engineer" a revival in credit growth as an antidote to the slow-down in economic growth that is connected to the decline in mining investment, Glenn Stevens,.. read more
Rates will remain low 31 July 2013 4:28PM Glenn Stevens, governor of the Reserve Bank of Australia, offered a long-term projection on interest rates in his Sydney speech yesterday. read more
NAB picks CFO 25 July 2013 4:42PM Craig Drummond, an experienced investment banker and CEO, is to join National Australia Bank as finance director and head of strategy. read more
Fair Loans to repay overcharged borrowers 25 July 2013 4:37PM Fair Loans Foundation, a social lender funded by National Australia Bank, has been pulled up by ASIC for understating interest rates. read more
Treasury targets intra-group debt 25 July 2013 4:35PM The tax treatment of debt in Australia may be the subject of another review, with the release of a Treasury paper on "risks to the sustainability of Australia's corporate tax base." The paper revisi.. read more
Mint now a merchant acquirer 24 July 2013 4:19PM Mint Wireless has entered a "wholesale merchant acquiring partnership" with Bendigo and Adelaide Bank to support the entry of the Sydney-based firm into the Australian market. read more
AFG 'not for sale' 23 July 2013 4:59PM Brett McKeon, managing of director of Australian Finance Group yesterday set out to scotch talk the company was for on the market. "Quite simply, AFG is not for sale," he said in a statement. read more