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BANKING

Financial planning

A majority of banks had signalled intentions to invest in customer-facing technologies but did not expect their performance to improve....

Financial planning

Millennials demanded a set of particular expectations from the banking industry, which banks would have the potential to capitalise on....

Financial planning

BTFG’s contributions to Westpac has declined by four per cent to $876 million in cash earnings thanks to weak results in wealth in a challenging environment. ...

Superannuation

The outperformance of industry super funds over the bank-owned ones is driven by culture and investment philosophy, according to Industry Super Australia (ISA)....

Financial planning

The Big Four’s tainted reputations have not deterred their customers who are still rating their banks at least seven out of 10, according to DBM Consultants....

Funds management

Customer satisfaction with the big four banks has declined in five out of the last six months and is now 1.9 percentage points below last July....

People & Products

HSBC extends Hamish Kelly’s role to encompass Global Banking in Australia and he will remain in Sydney....

Policy & Regulation

Australia and New Zealand Banking Group (ANZ) is refunding $5 million to basic account holders for incorrect late payment and over limit fees. ...

Financial planning

Satisfaction with the big banks among home loan customers seem to be back on track following a dip after home loan rates increased last year, Roy Morgan research found....

Financial planning

Almost 70 per cent of banking and finance employees wanted to stay with one employer for more than five years if they were offered career progression opportunities....

Life/Risk

Bankers are being warned to manage the risks associated with lending for commercial property purchases carefully, or face significant pain in a downturn....

Financial planning

Macquarie University’s launches Masters of Banking and Finance course for students wanting to enter the banking and finance industry....

Financial planning

To improve banking competition the four pillar policy needs to be removed, according to a Centre of International Finance and Regulation report....

Policy & Regulation

ASIC has issued a harsh assessment of how lenders are handling interest-only loans reminiscent of its critical analysis of life/risk advice arrangements....

Policy & Regulation

Banks and financial institutions are facing scrutiny over its use of unfair contract terms and non-monetary default conditions to foreclose businesses....

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