'Card not present' fraud rockets 13 July 2012 4:31PM Credit card fraud is an increasing problem for banks and merchants, with the incidence rising by more than a third over 2011. read more
Big Australian banks may avoid D-SIB capital charge 12 July 2012 4:59PM The major banks will have to wait for some time to learn of APRA's plans regarding what additional measures it will adopt as yet another regulatory caravan rolls by in the form of D-SIBS. read more
Monetary policy works from market rates 12 July 2012 4:57PM Cash rates are 1.5 percentage points lower than they might otherwise be because of the elevated cost of funds faced by banks, says Phillip Lowe, the deputy governor of the RBA. read more
NAB follows Westpac lead on at-call rates 11 July 2012 4:29PM National Australia Bank yesterday lifted its at-call rates and some term deposit interest rates on deposits marketed through its UBank brand, a move somewhat against the trend. read more
AmBank pays for reach in Malaysia's card market 11 July 2012 3:53PM AmBank Group in Malaysia will buy specialist credit card firm MBF Holdings and its Atox Cards and Jastura businesses for 623 million ringgit (A$192 million). The price agreed by AmBank - an associat.. read more
Great Southern trial date set in stone 10 July 2012 4:18PM Plaintiffs in an action against Great Southern Finance and Bendigo & Adelaide Bank failed in an attempt to revise their claim and further delay the trial, which is due to start on September 17. read more
ANZ loosens China ties 06 July 2012 10:43AM One of ANZ's early investments in China looks stranded, with the bank announcing yesterday that it will not support a capital raising for Bank of Tianjin. read more
Provident Capital in receivership 05 July 2012 8:37AM The Federal Court late on Tuesday confirmed the appointment of Philip Carter, Tony Sims and Marcus Ayres from PBB Advisory as receivers of Provident Capital, a Sydney-based finance company. The cour.. read more
CFTC sets de facto rules for Libor 04 July 2012 4:22PM Amid the controversy over the fines imposed on Barclays by regulators in the UK and US over its misleading contribution to the setting of benchmark interbank rates it is easy to overlook some de fac.. read more
Second prop for Liberty securities 02 July 2012 9:00AM Liberty Financial priced A$300 million in mortgage-backed securities on Friday, the second transaction supported by non-conforming loans to make it to market this year. read more