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"If there are two industries in the world that need to change, it's the media and banking," Mike Smith, chief executive of ANZ, said last night. read more

A review of the price signalling provisions of the Competition and Consumer Act, including which sectors they apply to, is one of the options raised in the first issues paper released by the Competiti.. read more

ANZ's new Asian head believes that global banks with regional franchises have costs that are too high and are "spending their time with what they will shut down, not where they are making new investme.. read more

Charles Rennie, managing director of ANZ from 1973 to 1976, died last week. He was 101. read more

Bank of Queensland is buying its third, specialist finance business in a decade with the takeover of the main operating businesses of Investec Bank (Australia) Ltd. read more

Investec Group will cease to trade using a banking authority in Australia after the sale of its leasing business to Bank of Queensland. read more

From next April, banks and all small deposit taking entities will have to be on standby to supply daily reports on their liquidity if requested by the banking regulator. read more

Hume Building Society will trade as Hume Bank from July, after the Australian Prudential Regulation Authority endorsed a shift in status. The new bank will have around A$1 billion in assets. read more

The existing framework of regulation is "entrenching a cycle of competitive distortions to the detriment of the overall banking system," Suncorp Group chief executive Patrick Snowball said on Friday. read more

The Export Finance and Insurance Corporation is backing the formation of a government scheme to improve access to finance for smaller businesses, modelled on similar lenders in Germany and Britain. read more