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Efforts to mitigate the extent of payment fraud may be having some effect - the latest collation of data by the Australian Payments Clearing Association reveals a small decline in the value of losse.. read more

ANZ has agreed to a potential pay increase of 3.5 per cent for staff over the next two years after reaching an agreement with the Finance Sector Union. read more

FirstMac is returning to the mortgage-backed securities market with the planned sale of A$300 million in bonds that are supported by full-doc loans. read more

Payments processing problems associated with the change over to a new Cuscal switch created further inconvenience for credit union and mutual bank customers over the weekend. read more

The mortgage fund operated by Banksia Securities Limited was probably insolvent some years before the trustees called in the receivers, a report from the receivers shows. read more

Managers of mutual banks and credit unions are pessimistic about the prospects of the sector becoming a "fifth pillar" of the banking industry, a survey by KPMG has found. read more

Credit unions and mutual banks tied to Cuscal are having a hectic week as the changeover to a new payments switch presents a series of challenges. read more

Comparison websites in the financial services sphere have attracted a fresh warning from the corporate regulator. read more

Investors in debentures of Provident Capital can expect a return of between 25 cents and 30 cents in the dollar, receivers PPB Advisory said yesterday. read more

ASIC has questioned the adequacy of the work of external auditors of banks, credit unions and insurers. read more