130

Macquarie Bank will be a noteworthy no show on the New Payments Platform when the long awaited industry reform opens up to the public by the middle of this week. Tuesday is the day slated for the prin.. read more

About four in five bank accounts in Australia will be reachable under the new real time payments platform "within a few weeks after the launch", whenever that may be, NPP Australia said. Customers of.. read more

The selection of a conservative former justice of the High Court, Kenneth Hayne, as the sole commissioner of the planned royal commission into misconduct in financial services was announced on Friday,.. read more

A trio of offshore bankers are on the short list for the post of chief executive of Commonwealth Bank. One or two Australian finance executives also feature on a list believed to feature no more than.. read more

Liberty Financial has taken a "strategic stake" in insurance intermediary ALI Group. ALI has not been reliably profitable, though it has traded in the black in recent years. read more

Riding shotgun with big banks over interest-only lending has paid off for APRA. read more

Westpac was "always on both sides of the market", a senior rates trader has explained to a Melbourne court on Friday. read more

The senior Westpac rates trader at the centre of misconduct allegations in the bank bills market told the Federal Court yesterday that he was "probably not all that interested anyway," in much of the.. read more

A Federal Court judge has zeroed in on the case for any "legitimate purposes" afforded to Westpac in its defence against claims by ASIC that the bank engaged in unconscionable conduct in the bank bill.. read more

NAB's rate traders "were judged by [their] P&L outcomes", while the bank was "incentivised to manipulate BBSW" and "maintain yields", two operatives of the bank's treasury told the Federal Co.. read more