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Volt returns money to customers

Volt Bank has handed back more than 5000 customer deposits as it exits the banking industry. The neo-lender announced last month it was closing its deposit-taking business and returning its banking l

Kate aubreySteve westonNational australia bank limitedVolt bankAustralian prudential regulation authorityXinja bank

Government urged to keep competition alive in banking

Following on from the news that ANZ is set to acquire Suncorp Bank, the Finance Brokers Association of Australia has urged government to do “all we can” to keep competition alive.

Western australiaNew south walesPeter lockShayne elliottJim chalmersJulia angrisanoPeter whiteHeritage bankVolt bankXinja bankSuncorp bankSector unionBrokers association of australiaConsumer commissionAustralian competitionFinance brokers association

APRA grants RADI to Australia s first Islamic Bank

Islamic Bank Australia has been granted a restricted banking licence from APRA. The Australian Prudential Regulation Authority (APRA) has authorised IBA Group Pty Ltd - trading as Islamic Bank Aust

New south walesAnthony wamstekerAnnie kaneMe bankIslamic bankWhile islamic bank australiaGroup pty ltdHejaz financial servicesAustralian prudential regulation authorityAbreco groupVolt bankIslamic bank australiaNational australia bankXinja bankPty ltdBanking act

Citi licence revoked following NAB merger

The prudential regulator has revoked Citigroup Pty Limited’s banking licence following the completion of its sale to NAB.

New south walesRoss mcewanAnnie kaneCitigroup pty limitedAustralian financial services licenceNational australia bank limitedMembers equity bank limited meInvestec bankSydney branchAustralian prudential regulation authorityVolt bankInvestments commissionNational australia bankXinja bankCitigroup global markets australia ptyBanking act

Volt Bank to exit banking industry

Neolender Volt Bank is handing bank customer deposits and will exit the banking industry, it has been revealed. In an announcement on its website, the neobank - which was the first Australian RADI

Steve westonAnnie kaneVolt bank limitedVolt bankAustralian prudential regulation authorityXinja bankNational australia bankAustralian finance groupAustralian government financial claims schemeTerm depositAustralian mortgageAustralian mortgage marketplaceElite brokerAdviser live

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