276

Shifts in ownership within the specialised niche that is insurance premium funding may be creating conditions for a movement in market share and the prospect of better margins. read more

Westpac will invest up to A$50 million in early stage funding of technology start-ups, AFR.com reported on Friday. The bank will invest alongside venture capital manager Reinventure Group. read more

Australia's Treasury expects a significant rise in both productivity and offshoring of work in banking and insurance over the next 15 years. read more

One of the alleged principals of a nine year old funny money failure in Melbourne will stand trial on 136 criminal charges. read more

Subsidies for banks, rather than farmers, will be made available from next week after the Australian Government conceded to lobbying over a barely existent issue around farm finance. read more

Troubled loans to borrowers outside Australia are curing at a much slower rate than loans to domestic customers. read more

National Australia Bank will have to pay A$110,000 in income insurance to a customer seriously injured in a 2008 motor vehicle collision after a court found the bank's insurance arm failed to issue th.. read more

Major banks accounted for almost all the increase in low deposit home loans over the last year, a sign of their willingness to stretch credit criteria to maintain volume growth. read more

Aggrieved business borrowers with National Australia Bank's UK subsidiary will be looking for a sympathetic hearing from the parliament's Treasury Select Committee on their long-standing complaints. read more

In a reminder of its activist work program, the Financial Stability Board has amplified its view of the priorities for the Brisbane Group of 20 summit of political leaders in November. read more