Sanctions claw at SWIFT model 02 November 2012 5:34PM The restraining hand of economic sanctions on the cross-border payments business of banks was a topic revisited, without much new insight, at the annual Sibos conference. read more
BPay drops $60 million on Mambo 02 November 2012 5:28PM BPay's losses on its abandoned Mambo project now stand at A$60 million, after the board doubled an impairment first recognised last year. read more
Collection practices of ACM reined in by court 01 November 2012 5:42PM A debt collector that purchased credit card debts from NAB and then threatened borrowers with legal action in the bank's name has been found to have engaged in misleading and deceptive conduct by th.. read more
Higher claims persist for Genworth 01 November 2012 5:41PM Mortgage insurance firm Genworth reported mixed results for the September 2012 quarter. read more
Payment screening foils scammers 31 October 2012 5:21PM Screening customer payments for transfers to suspected scammers has saved National Australia Bank customers around A$1.9 million over the last 18 months. read more
More data more often needed by banks 30 October 2012 4:38PM Banks have much further to go collate data in a timely manner to meet their internal risk management requirements, let alone the increasing demands for information from regulators. read more
Four per cent of ANZ profits earned in Asia 26 October 2012 5:30PM How much profit does ANZ earn in Asia under its own steam? Around four per cent. read more
Banksia freezes bondholder funds 26 October 2012 5:26PM Billion-dollar mortgage fund manager Banksia Securities called in the receivers yesterday, after a review by its new chief executive revealed many more problem loans than previously acknowledged. read more
Higher capitalised banks may be no safer 25 October 2012 5:29PM More and diligent supervision of banks is at least as vital to patrolling the behaviours that might give rise to severe losses as much as a protective buffer of increased capital the head of financi.. read more
Risk of business default climbs 24 October 2012 5:40PM More indicators of the downbeat outlook for the banking sector emerged yesterday, with pointers to rising business loan defaults and to a softening in demand for consumer credit. read more