Search ResultsShowing 1 - 10 of 42 results for "New Bank"
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 ...
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 ...
Industry welcomes final Better Banking report
HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
The final report of a two year reform program has outlined the progress made by Australia's banks in implementing the Better Banking Reforms Program. Handing down the report, independent governance expert Ian McPhee said commitment to the package of ...
Banks narrowly avoid parliamentary inquiry
EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... a budget black hole," Bligh said. ANZ, CBA, NAB and Westpac have also taken to the ASX to criticise the Government's new bank levy, with some saying it will hit customers hardest. The Australian Bankers' Association, the big four and the Macquarie Group ...
Big four hammer bank levy
ALEX BURKE  |  TUESDAY, 23 MAY 2017
ANZ, CBA, NAB and Westpac have taken to the ASX to criticise the Government's new bank levy, with some saying it will hit customers hardest. Westpac chair Lindsay Maxsted said in an open letter that the new levy is "bad public policy that targets just ...
Senior executives sworn to secrecy over bank levy
JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... banned from consulting with their boards, customers or shareholders prior to the implementation of legislation around the new bank levy. In what the Australian Bankers' Association has labelled an extraordinary move, the Federal Government yesterday ...
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