Bendigo and Adelaide Bank has been penalised, and faces more sanctions, following the discovery of suspected money laundering at a Bendigo branch in Melbourne recently. Bendigo owned up to these ...

Shareholders in ANZ voted down the remuneration report for the second year in a row at the bank’s annual general meeting in Sydney yesterday. Around 33% of shareholders voted against. It takes a vote ...

Debt collector Credit Corp is on the verge of a takeover bid for humm group, a move that would transform the firm’s lending business. It was humm, rather than Credit Corp, that disclosed this to the ...

It looks like BECS, the Bulk Electronic Clearing System, will remain a workhorse of Australian’s payments system for a long, long time. John Brogden, chair of the Australian Payments Network, made the ...

For the four largest banks in New Zealand, the Reserve Bank of New Zealand has settled on a reduction in Tier 1 capital ratio requirements relative to the 2028 settings under capital levels imposed i.

The Reserve Bank of New Zealand yesterday said it filed civil proceedings in the High Court against ASB Bank Limited for breaches of core requirements under the Anti-Money Laundering and Countering ...

Grocery and fuel retailers must accept cash for in-person transactions of $500 or less between 7am and 9pm. The federal government’s cash mandate applies from 1 January 2026. “Community feedback ...

Banks in Australia are in clover, with $719 billion in new housing loans advanced over the year to September 2025, APRA’s Quarterly ADI Property Exposures publication shows. Owner-occupied loans ...

In a most unusual move, Shayne Elliott, the former CEO of ANZ has commenced proceedings in the NSW Supreme Court over bonuses her forfeited in the last financial year. "I have been left with no ...

National Australia Bank have been ordered to pay a customer compensation of $140,000 for financial loss plus interest in relation to a sophisticated extortion scam. AFCA is being bombarded with ...

It is hard to understand why the High Court of Australia has elected to spend precious time resolving the trade mark squabble between Buy Now, Pay Later chump Zip Co and the non-bank lender Firstmac.