Archived News for Finance Sector Professionals - October, 2015
Analysts say that if ASIC follows the lead of its UK counterpart, Australia's major life insurers could be faced with a remediation bill of over $1 billion over 10 years.
There has been plenty of bad press about Westpac’s sudden rate hike this week, but Morgan Stanley analysts say it could reach even further than most already fear.
National Australia Bank and Commonwealth Bank of Australia are joining a group of 20 global banks in a trial of “distributed ledger” technologies, which use the same “blockchain” approach that underpins bitcoin transactions.
The Federal Government has been accused of storming ahead on plans to impose strict restrictions on Indigenous welfare recipients, by way of a cashless welfare card.