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Westpac's lawyer gave the audio and chatroom evidence of the bank's traders an entirely different interpretation from the tale of mischief that was presented to the court at the opening of the interes.. read more

Westpac has started its defence against ASIC's allegations of rate fixing with a counter-attack, asserting there were legitimate commercial reasons for Westpac's trading on each of the days in questio.. read more

The mere facts of Westpac having a derivatives book, the sheer size of this portfolio and the material growth of derivatives at the bank provided scaffolding for ASIC agitation at the opening day of a.. read more

Westpac rates' traders "cannot recall" the numerous, colourful, recorded conversations relied on by ASIC to establish a pattern of unconscionable conduct by the bank in the bank bill swap market betwe.. read more

If Westpac seriously wants to move for advantage in the Australian banking market, a stout defence of its BBSW conduct is the way to go. read more

The publication of bank-level performance indicators of trust and confidence might be a reform too far for the Australian banking industry. read more

Banks "need to be very careful" around privacy, cyber and fraud risks, Brian Hartzer, CEO of Westpac told the House economics committee yesterday. read more

The banks with the most to lose from any roll out of an open banking regime in Australia are campaigning to set a framework for hindrance and delay in any transition to toward this fashion in finance... read more

The aggregate Australian dollar net cash outflow of the fourteen largest banks is forecast to decline for a fourth year in a row, under estimates from APRA on Friday. read more

Ahead of a Chris Bowen lunchtime presentation today, we suggest a few ideas on where Labor's forthcoming Royal Commission on banking might start off. read more