Latest news (24,878 items)

CBA pick up TD Waterhouse

Commonwealth Bank will cement their dominance of the low value end of the stockbroking market, reaching agreement with Toronto-Dominion to buy the Canadian bank's loss making broking operation in Australia, TD Waterhouse. read more

ANZ cards hires Shane Buggle

ANZ Bank appointed Shane Buggle, from the Society of Certiifed Practicing Accountants, as chief financial officer for the bank's consumer finance business. read more

Keycorp breakup on cards

A break up of terminals manufacturer, smart cards play and Eftpos processor and Keycorp may be under consideration, as the company's board negotiates the sale of the terminals and smart card business to a Malaysian consortium. read more

Catuity promises blue sky

Directors of smart card play Catuity remain optimists about the outlook for the chip card sector, with executive chair David Mac Smith assuring investors in the annual report that, "it is not a case of ‘if' we will achieve substantial success and profitability but ‘when'." read more

Delinquincies rise on Citigroup cards

Profit fell back in Citigroup's global consumer cards business in the March 2003 quarter, with net profit from cards down to US$735 million in the quarter, from US$931 million in the December 2002 quarter. The profit is better, though, than the US$579 million reported in the March 2002 quarter. read more

Cards profits fall at BofA

Profit fell back in Citigroup's global consumer cards business in the March 2003 quarter, with net profit from cards down to US$735 million in the quarter, from US$931 million in the December 2002 quarter. The profit is better, though, than the US$579 million reported in the March 2002 quarter. read more

Britain's banks set December 2004 target for chip cards

Britain's banks have confirmed a commitment to convert credit cards to chip-based technology by 2005, with the aim of a critical mass by December 2004. Authorisation of credit card payments made in Britain with chip cards will be by PIN, rather than signature, once chip cards are introduced. read more

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