Tag: banking

Flyfish offers top-notch solutions for today’s businesses. From providing its customers with a corporate IBAN to managing their payroll.

Commonwealth Bank and Commonwealth Securities alleged to have underpaid nearly 7,500 workers to the tune of $16,5-million.

National Australia Bank fined by the Federal Court for system failures that meant customers weren’t properly informed about fees.

More than 20,000 small business and home loan banking customers have had to be given assistance as impact of Aussie lockdowns grows.

Global study finds Australians have adopted digital banking and payment methods ‘faster than ever imagined’ during 2020.

Australian Taxpayers’ Alliance says if the bill had passed through Parliament it would have treated citizens like ‘juveniles’.

Westpac is accused of 23 million breaches of the anti-money laundering and counter-terrorism financing law, with the alleged breaches include transfers of money to the Philippines for child sex exploitation.

Treasurer Josh Frydenberg, releasing Commissioner Kenneth Hayne’s three-volume report which excoriates the financial sector, said the government would be “taking action” on all 76 recommendations.

Here are the six most important questions our banks will need to answer for their stakeholders to regain trust:

Selling became their focus of attention. Too often it became their sole focus of attention. Products and services multiplied. Banks searched for their “share of the customer’s wallet”.

Speaking to reporters in Berlin, Malcolm Turnbull defended refusing for so long to set up a royal commission, although he said commentators were correct in saying that “politically we would have been better off setting one up earlier”.

The Abbott government has dismissed reports that the four pillars banking policy is at risk as Labor says any change would be irresponsible.

Here are some considerations for using business intelligence for banking to improve profitability in risk management, cost control, and customer relations.

ASTUTE AUSSIE IN LONDON | With the UK now the biggest Islamic finance centre in Europe, and Australia looking to enhance its own credentials in this area, Australians in the UK should consider looking at developing skills in this growing sector.

Ratings agency Moody’s has downgraded the credit rating of NAB’s troubled UK subsidiary Clydesdale Bank.

The Australian government is expected to announce a levy on the banks on Friday to insure them against a financial crisis, but there are fears that the cost will be passed on to consumers.

The current combination of world property market, foreign currency rates and economic factors are presenting a unique opportunity for those considering purchasing property overseas.

As term deposits and savings account interest rates decline in Australia, is now the time for Aussie expats to think seriously about switching their cash-only investments and into higher growth investments, including shares?