National Australia Bank has hired Macquarie Capital and Morgan Stanley to help prepare its MLC wealth management division for sale. read more
Briefs (1,176 items)
Briefs: Kiwi public transport payment shake-up, an expensive doctor's appointment, Wood backtracks on CEO threat, foreign buyers ban relaxed
The proposed timetable for a national program in New Zealand to roll out a universal non-cash payment method for public transport has been set. read more
Brief: Afterpay and ApplePay on the disrupters list
Afterpay and ApplePay are among the top ten brands Australian consumers consider to be "the most disruptive". read more
Briefs: AFG chairman's shareholding cut by Family Court, Aussie's Porges wrangling data wranglers, NZ MPs want to grill bank execs too
The chairman of listed loan broker AFG has seen his shareholding halved under orders from the Family Court. read more
Briefs: Data breaches over-reported, MCU considering joining Alliance
In the six weeks after the Commonwealth Government's notifiable data breach scheme came into force, it received 63 reports of data breaches. read more
Briefs: AMP exits ASX20, royal commission scrutiny closes Dover, BNZ signs up with Alipay, bank staff ahead on super, kiwi credit card rates probe, and more
From June 18, AMP will no longer be part of the ASX20 index, following the revelations of misconduct heard by the Hayne royal commission. read more
Briefs: ASIC bans NAB adviser for taking clients' funds, possible banking levy in NZ, G&C Mutual given rating, Avanti finance RMBS likely, a pessimistic view of Australian banking
ASIC has permanently banned Max Kiattisak Eung (also known as Kiattisak Eungpongpan), a former NAB financial adviser, from providing financial services and engaging in credit activities. read more
Briefs: Cape to merge with Community First, HSBC goes very low in NZ, big day for RBNZ
A special general meeting of Cape Credit Union on 30 May, saw 97 per cent of members who voted supporting the board's recommendation to merge with Community First Credit Union. read more
Briefs: Fitch positive on mortgage arrears, big payouts from banks say super funds, dairy farmers sour on banks
Fitch Ratings reports that Australia's 30-plus day mortgage arrears increased by 12 basis points to 1.13 per cent in 1Q18, compared to the previous quarter. read more
Briefs: KiwiBuild may be exempt from LVRs, ANU benefits as Ripple pumps US$50m into blockchain research
The governor of the Reserve Bank of New Zealand has mooted exempting homes built under the government's KiwiBuild scheme from LVR restrictions. read more
Briefs: NZ's online lenders failing to comply, ASX and InfoTrack move into e-conveyancing
A review by New Zealand's Commerce Commission has found one in five online lenders breached disclosure rules set out in the Credit Contracts and Consumer Finance Act. read more