186

The Australian Securities and Investments Commission has commenced legal proceedings against National Australia Bank in the Federal Court in Melbourne, alleging "unconscionable conduct and market mani.. read more

The allegations are two-sided in ASIC's latest legal action, its third against a major Australian bank, for "unconscionable conduct and market manipulation in relation to National Australia Bank's inv.. read more

Banks in mainland China are becoming an increasingly important source of international bank credit, at the same time as international banks scale back their own lending to Chinese entities. read more

Hedge funds cajoling peer-to-peer lenders into challengers made a long list of threats to traditional banks enumerated by Commonwealth Bank chief executive Ian Narev in a speech last week. read more

Economists as well as lawyers are likely to be included on any panel established for a royal commission into banking and finance, Andrew Leigh, Labor's shadow assistant treasurer, said yesterday. read more

Queensland bank Auswide is lobbying mutual ADIs to consider a takeover along the lines of its recent consolidation of Queensland Professional Credit Union. read more

In readiness for the upcoming federal election, The Greens yesterday unveiled a banking policy that echoes Labor's populist bent toward the sector. read more

Sarah Harland will join Suncorp as its chief information officer from September. She will be the third woman on a ten strong executive group. read more

Reserve Bank payments system reformers might be climate change deniers too, or at any rate enthusiasts for glacial change. read more

Westpac's retail brands have lost share over the years, with the St George and BankSA additions from 2008 proving to be no great contributors to the group. read more