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The guarantee on bank deposits introduced six years ago needs to be watered down, in the view of the academic who helped devise the scheme. read more

Clydesdale Bank remains an asset National Australia Bank hopes to sell, the chair of the bank's board, Michael Chaney, reiterated at the bank's annual meeting in Melbourne yesterday. read more

Korea Exchange Bank received an authority this week to carry on its banking business in Australia as a foreign bank branch. read more

ANZ's outgoing chair John Morschel took a swipe at the Federal Government over its foreign investment policy at the bank's annual meeting in Brisbane yesterday. read more

It was hard not to notice a shift in tone in the confirmation by ANZ yesterday that David Gonski will re-join the bank's board in February next year, and then succeed John Morschel as chair in May. read more

Banks may be seeing the first signs that they can expect to earn a return on their belated investment in credit card fraud deterrence. read more

Andrew Geczy, the newish divisional head of ANZ's International and Institutional Banking division is tinkering with its management. read more

Wesfarmers has cashed in its major investment in financial services, which is in insurance, but has opted to retain its premium funding business. read more

Mortgage manager FirstMac is treading water in the home loan market, with originations "unchanged" in the year to June 2013, and "broadly equivalent to the level of discharges", according to its 201.. read more

Improved levels of confidence are yet to translate into an increased demand for credit, Lindsay Maxsted, Westpac's chair of the board, told the bank's annual meeting on Friday. read more