A second vote will be held in March for members of Maleny Credit Union to make a final decision on a demutualisation and sale of the ADI business to Firstmac. read more
Briefs (1,270 items)
Briefs: Hayne considers charges and Macquarie hikes
Media reports say Kenneth Hayne has discussed criminal prosecutions of AMP, Commonwealth Bank and NAB. read more
Briefs: Westpac issue launched, shake up for AMP leadership
Westpac has launched an issue of residential mortgage-backed securities, seeking A$1 billion of funding. read more
Brief: Hefty remediation bill for Westpac NZ
Westpac NZ is to refund more than 30,000 customers a total of NZ$5.7 million after failing to give them promised fee waivers. read more
Brief: Six submit a scheme application
Six professional associations have agreed to work together to submit a code monitoring compliance scheme application to ASIC. read more
Briefs: Mega Kiwi credit union on the cards, McDermott departs RBNZ
Five of New Zealand’s credit unions have signed a conditional Heads of Agreement to merge. read more
Briefs: Norman PERLer, Westpac and NAB may flip on ApplePay, Qantas ditches S&P, Beaumont back to NZ
The latest Commonwealth Bank issue is the parking lot for some of the cash of the estate of retail tycoon Ian Norman. read more
Brief: ANZ’s Ohlsson to take a break
Fred Ohlsson, who has been group executive for ANZ Australia since early 2016, is stepping down from his current role to take an extended unpaid career-break in his native Sweden. read more
Briefs: RBNZ needs more funding and announces new assistant governor, ANZ’s unwanted insurer delivers for the bank
Appearing before a select committee yesterday, the Reserve Bank of New Zealand executive team said the regulator was short 15 staff in its team that undertakes banking regulation. read more
Briefs: Banknotes being hoarded, Kiwi bank boss calls for credit card probe
The RBA estimates 15 to 35 per cent of total outstanding banknotes are used for legitimate transactions; roughly half to three-quarters are hoarded as a store of wealth or for "other purposes". read more
Briefs: Brokers plan ad blitz, Kiwi remediation stats revealed
In a bid to turn public opinion in the wake of the Hayne royal commission, the mortgage broking industry is planning a nationwide advertising blitz. read more