Rural loans suit Bendigo

Bendigo and Adelaide Bank will expand its agribusiness banking interests by 50 per cent with the purchase of Rural Finance Corporation of Victoria from the state government. read more

COAG looks to private finance

Increased private sector involvement "in both the funding and financing of infrastructure" is a core aim of an agreement made by the Council of Australian Governments on Friday. read more

Solicitors no conduit for a bankruptcy notice

National Australia Bank failed to obtain a sequestration order against a delinquent borrower after a court found that the service of the bankruptcy notice through its customer's lawyer was defective. read more

Bitcoin of minor relevance, says PSB

Risks to the payments system arising from the now-passing fad for the Bitcoin virtual currency "appear to be limited in the Australian context at this stage", an assessment prepared for the May meetin.. read more

Murray may dampen down belief in bail outs

Managing "public expectations of when and where governments will intervene" is emerging as one of the chief themes of the Financial System Inquiry. David Murray, chair of the inquiry, said yesterday:.. read more

Checks needed on gate-keepers, says BCA

A system of "regulatory gate-keeping" and "detailed regulation impact statements" is needed to patrol the activities and governance of financial regulators, the Business Council of Australia has told.. read more

Genworth may have run its race

Genworth Australia has run out of puff in the price leadership stakes, and says it will not increase premium rates on lenders mortgage insurance over the rest of this year. read more

Age discrimination lending claim fails

A claim by a 66-year old that he was discriminated against because of his age when requesting a loan from National Australia Bank has failed in the Victorian Civil and Administrative Tribunal. read more

Mutuals get hybrid option

Mutual banks and credit unions will have more options to raise hybrid capital, under amendments to the regulations on "mutual equity interests" released yesterday. read more