Failure of CBA class actions sets new standard

Nobody can reliably establish what information influences the prices at which anyone buys or sells shares, or the reasons anyone trades in shares at a point in time is the essence of a landmark decisi.. read more

Defiant faux banker slapped, not sanctioned

The penalty imposed on the eccentric owner/operator of a number of unauthorised banking businesses has been fined $10,000 for contempt of court, having continued to (superficially) trade for some time.. read more

Consumer finance market conditions tighten

Lenders appear to be increasingly wary of their exposure to the consumer finance market, with a number increasing personal loan rates over the past month and cutting back on credit card balance transf.. read more

Engineering payments fraud

The New Payments Platform may already be the fraudsters' payments system of choice, if European experience is any guide. read more

NSW banking tender wide open to fintechs

Fintechs are being validated in Australia like never before. The NSW government is openly inviting fintechs to play hard in an upcoming tender for whole of government payments services. read more

De-banking crypto helps curb scam losses

Efforts by banks, telcos and others to combat the scourge of scams are bearing fruit. The Targeting Scams report reveals a 13 per cent decline in reported scam losses to $2.7 billion over the year to.. read more

Armaguard and banks reach terms

Incredibly, Prosegur are interested in buying Armaguard, but this won’t be needed. The ABA is understood to have reached terms with Armaguard that will assure cash distribution is maintained. read more