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Banks may have to pick more senior staff to negotiate investment priorities on payments when they work through a new industry body. The Reserve Bank and the Australian Payments Clearing Association h.. read more

Credit Union Australia, the country's largest mutual ADI, plans "a more comprehensive overview" of rules that inhibit its demutualisation", the board disclosed in the notice for its annual meeting t.. read more

Resimac has elbowed its way to the status of preferred bidder in the contest to take over RHG, the remnant of Rams Home Loans. read more

Westpac is making plans to offshore 83 jobs, from sites in Adelaide, Sydney and Melbourne, to India, the Finance sector Union said on Friday. read more

Traditional agency banking and bill payment services have become "declining" features of the business of Australia Post, the corporation said in its annual report for the year to June 2013. read more

Financial regulators need to foster diversity in business models, while focusing on supervision work in the most effective areas, two Reserve Bank of Australia senior officials said in separate speec.. read more

Broadway Leasing, a niche financier in Sydney, plans to rope in its introducers as share-holders as it undertakes a new funding round. The Sydney-based firm aims to sell A$1.2 million in new shares a.. read more

The Australian Government is "developing a plan for growth that will be centred around infrastructure" and which will feature "alternative financing options" that are yet to be specified, the treasu.. read more

Demand for business loans is consolidating, a rare sign of improving times for banks. The Australian Bureau of Statistics says the trend series for the value of commercial finance commitments increas.. read more

Financial comparison service iSelect may be straining to generate new revenue from the loans and deposit side of its business. It confirmed yesterday that its revenue projection for the first half of.. read more