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Industry at a Glance 10-Feb-15

12 February 2015

Australian News

Webjet starts accepting Bitcoins for holiday packages 
Source: The Sydney Morning Herald News Headlines
Date Published: 04/02/2015

Online travel agency Webjet has introduced Bitcoin as a payment currency for some of its products, making it one of the first retailers to accept the digital currency.

Banks want in on default super funds 
Source: Sydney Morning Herald
Date Published: 05/02/2015

However, ISA chief executive David Whiteley said in calling for reform, the banks really want to 'avoid any obligation to compete on investment performance'. The banks 'want to bundle up business banking with their super products and sell this to employers,'

NAB's quarterly profit rises to $1.65b 
Source: The Sydney Morning Herald National Headlines
Date Published: 05/02/2015

National Australia Bank made a cash profit of $1.65 billion in the first quarter of its fiscal year, up six per cent from the same period a year earlier.

CBA tipped to deliver record profit 
Source: The Sydney Morning Herald Business Headlines
Date Published: 09/02/2015

The country's largest bank is expected to deliver a record interim result on Wednesday, helped by a pick-up in credit growth, falling funding costs and low bad debts.

RBA boss launches Chinese currency hub 
Source: The Sydney Morning Herald National Headlines
Date Published: 09/02/2015

Reserve Bank boss Glenn Stevens has launched Australia's official Chinese renminbi clearing bank, in his first speech since last week's rate cut.

Australia, developing markets leading cash killers says MasterCard president 
Source: The Sydney Morning Herald News Headlines
Date Published: 09/02/2015

Australia and developing economies are at the vanguard of credit card companies' war on cash, according to MasterCard's president of international markets.

Current Issues

Strong start to the New Year 
Source: Scoop NZ - Business
Date Published: 04/02/2015

Auckland, Wednesday 5th February 2015: Spending through the Paymark network during January 2015 shows a strong start to the year with approximately $235 million more spent across the country than in January 2014.

Spark customers targeted by scammers 
Source: 3 News - National News
Date Published: 05/02/2015

Spark has blown the whistle on a well-organised scam where fraudsters attempt to gain access to customer’s computers and online bank accounts.

Teaching kids about money: Ditch piggy bank 
Source: New Zealand Herald - Business
Date Published: 08/02/2015

How much do your kids know about money? Experts say improving children's financial literacy is as easy as explaining what you are doing when you pay your bills and giving them a bit more control over their pocket money. A Cambridge

Member Banks

Bank sale concerns Cook Islanders 
Source: Stuff.co.nz - Business
Date Published: 04/02/2015

Westpac's decision to sell its Cook Islands operation has led some customers to consider cancelling their accounts, local media reported.

Fran O'Sullivan: Westpac sees light as Kiwi boss gets nod 
Source: New Zealand Herald - Business
Date Published: 04/02/2015

Westpac NZ's high-powered directors flexed their muscles - ever so diplomatically - to ensure the appointment of Kiwi David McLean as the bank's new chief executive.After a tumultuous period of upheaval at the top level - the stylish

Michael Bullock appointed ANZ Chief Operating Officer 
Source: Scoop NZ - Business
Date Published: 05/02/2015

Michael Bullock appointed ANZ Chief Operating Officer ANZ today announced Michael Bullock has been appointed Chief Operating Officer of ANZ Bank New Zealand. Currently the bank’s General Manager Institutional & Commercial Operations, Mr Bullock

Mortgage wars: TSB offers 10-year fixed rates 
Source: New Zealand Herald - Banking
Date Published: 06/02/2015

A New Zealand bank has announced what is believed to be a first for the country - a 10-year fixed-rate home loan.TSB will make its new deal available to customers from today.The move is the biggest in the latest round of interest-rate

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