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Fitch Ratings downgraded Japan's credit rating by one notch late yesterday, a cut bound to bring the ratings of its banks under review. read more

Steps by banks and foreign exchange dealers to adapt to a new regime for the daily foreign exchange fix are "reasonable", RBA assistant governor Guy Debelle told an industry panel on Friday. read more

Commonwealth Bank failed to conduct a compensation program for financial planning clients in a manner consistent with its own plans, an ASIC report by KordaMentha Forensic has found.CBA's reputation.. read more

Ian Narev and his team at CBA have had no other real reputational headache to handle other than historic matters in planning.The methodical work needed to clean it up and respond appropriately seems t.. read more

It's common to brand Australian banks as "the world's most profitable". But are they? The most profitable bank in Australasia is actually in Papua New Guinea. read more

National Australia Bank yesterday foreshadowed plans to undertake "a potential public secondary offering" of its remaining shares in the bank's US subsidiary, Great Western. read more

There were plenty of grizzles but not much insight yesterday as a Senate committee laboured to produce a show intended to somehow bring bank chiefs to heel over malpractice in financial planning. read more

The extent to which further increases in household leverage should be encouraged "is not easily answered, but nor can it be conveniently side-stepped," Glenn Stevens, governor of the Reserve Bank of A.. read more

Bank owned retail superannuation funds have once more outperformed industry super funds, at least over a short horizon. read more

American Express may be dealing with an extended period of caution on the part of its cardholders - or reduced traction for its product - with a decline in credit card receivables for the second year.. read more