Canadian-style RMBS scheme floated, again 28 March 2024 3:40AM Banks may be encouraged to pilot 'tracker mortgages' if the government takes up a proposal from the House of Representatives Economics Committee. read more
Majors ‘chronically underinvested’ in core systems 26 March 2024 6:53AM Why would any big bank stir discord within the oligopoly of which all four are members? In New Zealand (and Australia too) grabs for market share shifts within the big four are not merely frowned upon.. read more
Banks play a longer game on cash 25 March 2024 4:35AM Banks, reportedly, are investigating a couple of drastic options to solve the mess they helped create by backing the merger of cash-in-transit operators Armaguard and Prosegur last year. One brainwave.. read more
ACCC almost there on cash club 22 March 2024 7:24AM Banks and Armaguard are close to receiving clearance from the ACCC for the big banks (and others) to coordinate on how best to prop up Armaguard’s cash distribution business. read more
Card fraud on the rise, but scams not so severe 21 March 2024 6:15PM Losses from card fraud of $2.2 billion, as estimated by the ABS, are 3 times larger than industry estimates. read more
Volt co-founder buys banks remnants 20 March 2024 5:49AM Volt Bank is being reborn as a non-bank offering much the same services as Volt, except targeted to smaller ADIs, planners and other non-banks. Many Volt shareholders look likely to back the new ventu.. read more
Liberty, Ma money-go-round fine with appeals court 19 March 2024 2:06AM Liberty being Liberty and Sherman Ma being, well, Sherman Ma, it is no surprise the Australian Taxation Office took a deep dive into the complex internal workings of Liberty Financial, at least the pr.. read more
Armaguard zero in on cash bailout 18 March 2024 8:29AM Armaguard are on the cusp of an epic win over their alarmed clients in the banking industry via a material support package. The ABA looks likely to wrap up negotiations by the end of this week. read more
Electric credit burns bright 18 March 2024 8:27AM An ambitious program of federally funded and widely accessible loans to foster a near universal take-up of rooftop solar and associated investments is the centrepiece of the pre-budget submission to t.. read more
Debenture decision all backwards 15 March 2024 5:13AM In a decision that seems unlikely to stand, the Federal Court has found that Finder Wallet Pty Ltd’s crypto product Finder Earn is not a debenture. read more