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Industry at a Glance 24-Apr-14

12 May 2014

Australian News

 

No point eroding RBA’s independence
Source: The Australian | Opinion
Date Published: 28/04/2014

JOE Hockey stumbled last week with reports he has told RBA governor Glenn Stevens he is unhappy with the conduct of monetary policy.

Banks to reward with higher dividends
Source: The Age Business Headlines
Date Published: 28/04/2014

Three of Australia's biggest banks are expected to reward yield-hungry investors by unveiling higher dividends amid predictions that low default rates by borrowers will continue to boost the sector's profits.

Banks face land grab claims in developing world
Source: The Age National Headlines
Date Published: 28/04/2014

Australia's major banks are funding large-scale illegal "land grabs" in the developing world and enabling illegal logging, child labour or other human rights abuses.

Rate rises may expose banks
Source: The Age Business Headlines
Date Published: 29/04/2014

Australian lenders are growing more fearful of how rising interest rates could reduce their customers' ability to repay their loans, a comprehensive survey of global banks by PwC has shown.

How to use an ATM without a card
Source: The Sydney Morning Herald News Headlines
Date Published: 30/04/2014

Banks race to roll out apps that let customers withdraw cash with their phones.

ANZ chief critical of deficit tax plan
Source: The Age National Headlines
Date Published: 01/05/2014

ANZ chief Mike Smith says a tax hike in the federal budget to tackle the deficit would achieve nothing but pain for consumers.


Current Issues

 

Xero and ASB launch Business to Bank payments
Source: Scoop NZ - Business
Date Published: 29/04/2014

Small businesses can now save hours per month in accounts payable processing, thanks to a joint initiative between Xero and ASB Bank. The next generation banking model allows businesses to have invoices initiated for payment from within Xero and approved

Digital wallet streamlines online shopping
Source: Stuff.co.nz - Business
Date Published: 29/04/2014

Westpac is the first New Zealand bank to launch MasterCard's digital wallet for customers, but ANZ, Kiwibank, and BNZ are considering following suit.

Positive feedback as bank trials hi-tech Google Glass
Source: Southland Times
Date Published: 30/04/2014

Google Glass - the electronic specs - could be the future, and Southlanders are well placed to operate them.

MasterCard 'wallet' taps into market
Source: Manawatu Standard - Manawatu Business
Date Published: 04/05/2014

Mastercard believes the uptake of its MasterPass digital wallet, launched last week with Westpac, will outstrip the uptake of contactless payments.


Member Banks

 

Banks value reputation, independence
Source: Stuff.co.nz - Industries
Date Published: 28/04/2014

Banks have laid bare their deepest and darkest fears - and bad customer experiences shared on social media are near the top of the list.

Westpac Australia confirms two new IT appointments
Source: CIO
Date Published: 29/04/2014

Westpac Australia has confirmed that former Goldman Sachs technology infrastructure managing director David Simpson is due to join the bank as its global chief of infrastructure on 5 May 2014.

Net profit sets record for ANZ
Source: Stuff.co.nz - Money
Date Published: 01/05/2014

A hefty insurance payout and the recovering economy have helped ANZ to another record-breaking interim profit, up by $200 million.

Kiwi Capital Funding Limited Announces Capital Note Offer
Source: Scoop NZ - Business
Date Published: 05/05/2014

Kiwi Capital Funding Limited (KCFL) has today announced an offer of up to $100 million of unsecured subordinated Capital Notes to the New Zealand public.


Governance

 

CTU wants overhaul of Reserve Bank
Source: Radio New Zealand Business Headlines
Date Published: 28/04/2014

The Council of Trade Unions is calling for an overhaul of the Reserve Bank, saying it's out of its depth in its ability to control inflation.

OBR policy a scary bank secret
Source: Manawatu Standard - Opinion
Date Published: 29/04/2014

I am not an economist which, I will have you know, means I am as well-placed as, say, Steven Joyce to comment on matters economic. He is not one either.

Complaint awareness needs to improve - FMA
Source: New Zealand Herald - Business
Date Published: 01/05/2014

Just one in 10 people know who to complain to if they have a dispute with their bank, insurer or financial adviser - and the boss of New Zealand's financial regulator says that's not good enough.Rob Everett, chief executive of the

Commerce appointments announced
Source: Latest content updates
Date Published: 01/05/2014

Craig Foss | Commerce Commerce Minister Craig Foss today announced appointments to the Commerce Commission and Financial Markets Authority (FMA). Anna Rawlings joins the Commerce Commission in early June and will bring extensive experience in competition law, industry regulation, and consumer protection...


General

 

Loyalty firm boosts capital, workers
Source: Otago Daily Times Online -
Date Published: 29/04/2014

Loyalty and e-marketing company EFTPlus needed two things to enter its next growth phase - funding and filling some capability gaps.

Evans replaces Smith at SBS
Source: Otago Daily Times Online -
Date Published: 01/05/2014

Evans, until recently the head of Finance Now, has been appointed to replace Ross Smith as chief executive of Invercargill-based SBS Bank.

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