Building societies pick up the pace

Building societies are one group of lenders generating above-average lending growth. APRA data on the sector shows that building societies recorded growth of around 15 per cent, annualised, in home.. read more

Prolonged payments pain at NAB

The failure of a second file batch from Thursday night's payments, and the confused response to the Wednesday failure, continue to create headaches for NAB operational staff at the start of the work.. read more

Slow response the surprise for NAB

Had NAB resolved the Wednesday night payments processing mess on Thursday the importance of the episode would be much more muted than it is proving to be. read more

Three sucked into ASIC Storm

Three banks must defend allegations of running an unregistered investment scheme following the collapse two years ago of Storm Financial. read more

Armoured car contracts referred to ACCC

The Transport Workers Union is encouraging the ACCC to look into breaches by major banks of enforceable undertakings relating to their collective buying of cash carriage services, The Age reported. read more

ANZ prefers Systematics to Hogan

Seven years after buying National Bank in New Zealand, ANZ is ready to drop one of its two core banking platforms and proceed with the better of two. read more

Pooled funding works for ME Bank

The latest financial data for Industry Super Holdings and its ME Bank arm differs as usual on the assets though not on the earnings of the group and its banking arm. read more

Securency sale confirmed by RBA

Securency, a problematic maker of substrate used in the production of plastic banknotes, and half-owned by the Reserve Bank of Australia, is up for sale. read more

Swan on song over mutuals

Mutual banks are getting an unusual share of publicity, all of it free, from the recent shifts in the banking debate.Over recent days, Wayne Swan, Australia's Treasurer has become spokesperson-in-chie.. read more