Westpac chances lite AML fix

A comprehensive enough response for now, or a cop-out by Westpac?The clamour for the scalps of Lindsay Maxsted as chair and Brian Hartzer as managing director is unrelenting. read more

Westpac faces CEO AML choice

One of the Davids - McLean or Lindberg - may find themselves installed as interim CEO of Westpac before long -  very soon even - as the clamour for accountability at Westpac reaches a deafening p.. read more

Harder to resolve mortgage arrears

The RBA says improvements to lending standards have placed downward pressure on home loan arrears, but many troubled borrowers are remaining in arrears for longer. read more

Byres protests at bank bonus cranks

Disquiet around the planned new prudential framework for bank remuneration in APRA-regulated firms is generating threats of shareholder revolts, APRA chief Wayne Byres said yesterday. read more

Bank payrolls at low ebb

A decent pay rise in finance depends on an enterprise agreement, and an employer that can manage interest margins. read more

MoneyPlace pivots to B2B

Fintech MoneyPlace - a personal loans specialist - is pushing into new markets as a white-label suppliers of personal loans for larger banks, including a handful of its funders. read more

Margin wanes at CBA

Increased staff costs - a function of an overload of priority risk and compliance programs and customer remediation programs - chewed into the profit of Commonwealth Bank over the September 2019 quart.. read more