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With the ink barely dry on her "retirement" from NAB's board, Patricia Cross has joined the board of Macquarie Group. read more

A short-term lender that charges interest rates of more than 300 per cent and disguises its loans as diamond trading will have to fend off claims brought by the Australian Securities and Investments.. read more

Westpac yielded to the pressure for more competitive pricing on its home loan products yesterday by dropping its standard variable mortgage rate by 28 basis points, to 5.98 per cent. read more

The decline in the Australian dollar is "credit positive" for Australian banks, says Moody's Investors Service, citing improvements to asset quality, profits and liquidity. read more

The proposed Financial Stability Fund will aim to accumulate funds equal to half a per cent of insured bank deposits, says the Treasurer, Chris Bowen. He has outlined some terms for the fund, includ.. read more

If a deposit insurance levy is a form of insurance premium - which it is - those applying the levy need a clear rationale for its level, including any differences in the level of the premium charged.. read more

More than two decades of dithering over the merit of funding a deposit insurance scheme in Australia looks to be over, with the Federal Government set to outline today what this insurance will cost.. read more

Banking industry associations responded coolly yesterday to the prospect of a deposit insurance levy. Steven Munchenberg, CEO of the Australian Bankers Association, said: "We are not happy about it,.. read more

The need for a formal system of deposit insurance has been apparent since the run on building societies in Victoria in 1990, leading up to the collapse of the Pyramid Building Society. However, not.. read more

Genworth Financial says it is "cautious" about the timing and prospects for the planned sale of a 40 per cent stake in its Australian subsidiary. read more