Articles on Banks

Displaying 1 - 20 of 138 articles

WeChat has transformed from a social media to a payment platform (among other things) and had success in China. Could Australia be next? Siphiwe Sibeko/Reuters

Apple Pay may have won the battle but it may not win the war

While Apple Pay may have won the battle against some of Australia’s banks, it may lose the war against the providers of digital wallets, such as Tencent and Alibaba.
Australian banks’ capital levels must be ‘unquestionably strong’, according to the Financial Systems Inquiry. AAP/Dean Lewins

APRA fiddles on bank risk while Rome burns

Some argue, determinedly and erroneously, that when functioning correctly bank capital levels are almost magical things.
Commonwealth Bank CEO Ian Narev got a 50% pay rise despite scandals involving the bank in 2016. Dan Himbrechts/AAP

ASIC gives the banks cause for Christmas celebration

Just before everyone sits down for their Christmas dinner ASIC has handed two of Australia's big four banks a big present.
The ACCC has blocked the big four banks from bargaining with Apple for more control over Apple Pay. Damir Sagolj/Reuters

ACCC rejects the banks colluding to bargain on Apple Pay

The banks could have used their collective bargaining power not only against Apple for Apple Pay but also stall the adoption of mobile payments in Australia.
Banking inquiries in their current form serve as political theatre, rather than as a genuine form of accountability. Lukas Coch/AAP

Banking inquiry findings – ask the wrong questions get the wrong answers

Members of House Standing Committee on Economics should be asking the directors of Australia's Big Four banks (not the CEOs) different questions, if they really want the right answers.
Commonwealth Bank of Australia CEO Ian Narev attends the parliamentary inquiry into the banking system. AAP Image/Lukas Coch

Business Briefing: fixing culture in banking and finance

Business Briefing: fixing culture in banking and finance. The Conversation19.7 MB (download)
"Banking culture" has drawn a lot of scrutiny this year, after several high-profile scandals. But Professor Paul Kofman says there isn't much evidence for how to intervene if there's a problem.
A transaction of 88 bales of cotton in Qingdao sometime in early November is been hailed as revolutionary. Dave Hunt/AAP

Blockchain: reinventing the squeaky wheel

Apparently, the world is holding its breath on the unloading of a few bales of cotton, which “could change trade forever”. In Qingdao sometime in early November, 88 bales of cotton will be unloaded and…

Top contributors

More