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Showing 11 - 20 of 62 results for "New Bank"

Suncorp wealth head departs

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
Suncorp is again searching for a new banking and wealth chief executive, after the incumbent lasted just three months. Lee Hatton will leave the Queensland bank at the end of the month, bringing her tenure as chief executive of Suncorp's banking and ...

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
APRA has proposed new policy changes that would see a substantial increase in the data it makes publicly available on banks, credit unions and building societies. It comes as various scandals continue to tarnish Australia's banking industry post Hayne ...

Investec scores ADI licence

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
Investec Bank plc has received the green light from APRA to provide banking services in Australia from July 1. Investec Bank plc, which is owned by London Stock Exchange-listed Investec plc, is now operating as a foreign ADI. BNP Paribas, Societe Generale ...

Colonial acquisition cost CBA shareholders $53bn: Merlon

KANIKA SOOD  |  TUESDAY, 9 APR 2019
... capitalised costs. When the provisions ran out, CBA called a new round of "one-off" costs associated with the "Which New Bank" program," the note said. Actual costs even higher Merlon's estimate of $53 billion in opportunity is derived from the historic ...

New bank launches for nurses and midwives

ELIZABETH MCARTHUR  |  TUESDAY, 12 MAR 2019
A new bank is launching, dedicated to meeting the needs of Australia's nurses and midwives. The Health Professionals Bank is a part of Teachers Mutual Bank Limited, meaning Teachers Mutual Bank Limited now comprises four banks - Teachers Mutual Bank ...

The rise of challenger banks in Australia: SIBOS

MICHELLE BALTAZAR  |  THURSDAY, 25 OCT 2018
Challenger banks :86400, volt and xinja mount plans to disrupt the banking oligopoly in Australia. Speaking at the SIBOS Conference held in Sydney this week, senior heads at the three challenger banks spoke about how changing customer needs, fintech ...

Legislation lifts ASIC recruitment limitation

KARREN VERGARA  |  WEDNESDAY, 19 SEP 2018
The Bill that enhances ASIC's capabilities and enables it to recruit staff outside of the Public Service Act has passed through Parliament. Under the Treasury Laws Amendment (Enhancing ASIC's Capabilities) Bill 2018, ASIC will have greater operational ...

Frydenberg appoints second APRA deputy chair

HARRISON WORLEY  |  TUESDAY, 18 SEP 2018
Treasurer Josh Frydenberg appointed a Treasury official as the second deputy chair at Australia's prudential regulator. John Lonsdale links with APRA as a full-time member and second deputy chair for the next five years, with a remit to strengthen the ...

Industry body rejects ABA banking code

KANIKA SOOD  |  MONDAY, 10 SEP 2018
Australian Banking Association chief executive Anna Bligh's call for mutual banks, credit unions and building societies to adopt the ABA's new banking code of practice has been labelled "gratuitous" by an industry body which says a better code of practice ...

New code should apply to all: ABA

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
The Australian Banking Association (ABA) believes the new Banking Code of Practice standards should be adopted across the entire industry, including banks that are not ABA members. According to the association, the standards between credit unions, buildings ...