Inertia the principal pillar in banking 19 June 2017 3:44PM Fifty per cent of adults "have always been with the bank they first opened an account with," a survey for Canstar Blue has found. And bank customers like to visit their bank's branches, mainly to make.. read more
'Disadvantaged' banks maintain levy dramatics 19 June 2017 3:42PM A partisan and divided banking sector pressed disparate cases over the Major Bank Levy for the final time before a Senate committee on Friday. read more
Crossbenchers, Labor one vote away from a new banking inquiry 16 June 2017 4:01PM A private members' bill to set up a parliamentary inquiry into the banking and financial services sector is on its way to the House of Representatives after passing the Senate. read more
Macquarie pleads for levy exemption 16 June 2017 4:00PM The threshold for the planned levy on bigger banks should be lifted to exclude Macquarie Bank, the Macquarie Group has argued in its submission to the Senate's Economics Legislation Committee. read more
Cuscal courageous with Samsung wallet 15 June 2017 4:25PM Thirty-eight bank and credit union affiliates of Cuscal will offer Samsung Pay from today. read more
Schenkel makes quick exit from Tyro 14 June 2017 3:27PM Gerd Schenkel, chief executive of Tyro Payments, has left the bank suddenly, with a long time director taking his place.Rob Ferguson has taken the helm as acting managing director, effective immediate.. read more
Suncorp hikes variable rates in slowing mortgage market 13 June 2017 3:52PM These are "sobering times" in the banking sector, David Carter, chief executive officer, banking and wealth at Suncorp says."I suspect that credit growth is slowing," Carter told Banking Day last week.. read more
Dispute resolution regime leaves unfinished business 09 June 2017 3:47PM A further, if discursive, issues paper from the review of the financial system external dispute resolution framework lays emphasis on two hot topics. read more
Banks tilt to short-term funding 08 June 2017 4:46PM Deposit growth in the banking system is allowing banks to cut reliance on wholesale funding. Cheaper pricing at the short end has meant short term funding is on the rebound in Australian banking. read more
Can't save. Can't earn pay rises. Can borrow 08 June 2017 4:45PM The Calvinist savings ethic that keeps banks in business has proven disposable in Australia in the past. And so it may be again, with the savings ratio taking a dive once more over the March 2017 quar.. read more