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Almost half the disputes over financial hardship considered by the Financial Ombudsman Service in the past financial year arose because the lender did not respond to requests by a borrower to consid.. read more

Equipment rental company Hirepool in New Zealand has sought clearance by the Commerce Commission to buy rival Hirequip out of receivership in a bid to get greater exposure to the heavy construction.. read more

Major banks in Australia may be made subject to a regime that formalises additional layers of regulation for "domestic, systemically important banks" - known as D-SIBS - from 2016. read more

Use of scheme debit cards to make payments is growing quickly once more, perhaps fuelled by the need for a MasterCard- or Visa-branded card to make purchases online. read more

One pointer to a worsening in credit quality for lenders is a rise in the level of adverse indicators relating to two bellwether industries - construction and transport - and they are showing signs.. read more

A Reserve Bank official has poured cold water on the notion of setting caps on loan-to-valuation ratios and other "new and untried" tools for managing the credit cycle. read more

Australia Post says sales of its Load&Go reloadable Visa pre-paid card have "proved successful beyond expectation", but otherwise discloses little data on its financial services business in its.. read more

Jobs losses in the finance sector in Australia may accelerate if employers step up the "offshoring" of work in line with projections modelled on behalf of two industry unions. read more

A second ANZ-linked executive is on the move to Westpac, to work in the latter's financial services business under the leadership of Brian Hartzer, the former Australian CEO of ANZ. read more

BHP Billiton has flagged plans to sell more term debt in the domestic bond market, after easily placing A$1 billion in five-year debt. read more