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Profits tumbled for Beyond Bank Australia in the year to June 2013, falling 18 per cent to A$23.2 million. Formerly Community CPS, the Adelaide-based credit union re-branded as a mutual bank in August.. read more

The Capital Finance business is one of the great entrepreneurial success stories of Australia's finance sector. Founded by the Bank of Scotland in the mid-1990s, Capital chased business mainly from s.. read more

Wollongong building society IMB said over the weekend that it plans to buy back up to A$14 million worth of its ordinary shares through an off-market tender. read more

Bank of Queensland is making some headway with its lacklustre productivity and high cost base, and is meeting its targets to limit the rise in expenses over the past year. read more

Standard & Poor's says it has lifted its long-term issuer credit rating on Members Equity Bank to BBB+, from BBB. S&P affirmed the short-term rating at A-2, and said the bank's outlook is st.. read more

Fans of fixed interest can take some heart from a revival of non-government bond turnover during the year to June 2013. The Australian Financial Markets Association said, in its annual Financial Ma.. read more

Most of the Commonwealth Bank's 23,000 employees will received a pay rise of 3.75 per cent, back-dated to July 1, under a short-term rollover deal negotiated with the Finance Sector Union and approv.. read more

ANZ says it will consolidate its two Melbourne contact centres into a single site in South Melbourne. The bank plans to close its Mulgrave centre late next year. read more

A blog posting by Steven Münchenberg, chief executive of the Australian Bankers Association, headlined "Myth busting - facts about banks' profitability", needs a response. Münchenberg criticises the.. read more

Home loan refinancing between two banks will soon be possible on the online property exchange, PEXA. read more