Three mutual mergers on track

A trio of east coast mutual ADI merger proposals are moving along in line with published timetables, each setting up potentially disruptive combinations by the end of this year.Of the three, Perth's P.. read more

Securitisation fund bill passed

The bill to establish the Australian Business Securitisation Fund has made it through the parliamentary logjam, with its passage in the Senate on Wednesday. read more

Banks ponder bond shortage

A scarcity of government bonds will be a problem for Australia's banking industry, if projections outlined in last night's budget come to pass. read more

Westpac opens up on remediation

Westpac, finally, has had quite a bit to say on the costs and details of its customer remediation.Including this gem: Certain refunds relate to "customers that had interest only loans that did not aut.. read more

Housing loan approvals tank

Regulators have resorted to pleading with banks to keep lending, with the latest APRA data showing a big drop in loan approvals. read more