PR Finance takeover delayed

PR Finance Group's failure to prepare full accounts for the 2012 financial year has forced a delay in the takeover of the troubled firm by Keybridge Capital. read more

All set for bank failure

Banks are expected to have plans in place to ensure account holders can be reimbursed within seven days in the event of a bank failure. Accordingly, APRA has released a new prudential standard intend.. read more

Short-term wholesale flows OK

Banks have satisfactory access to the short-term debt market for now, even as wobbles in emerging markets unsettle financial markets generally. read more

Wide Bay stretches lending targets

A diversification into personal loans and commercial loans by Wide Bay Australia is among the elements of the "higher-risk strategy" cited by Standard & Poor's last week as grounds for a cut in.. read more

Angas rating downgraded for second time

Standard & Poor's lowered its long-term issuer credit rating on debenture issuer Angas Securities to B- from B on Friday. It is the second downgrade from S&P this year for Angas. read more

Banking costs cheaper all round

The cost of banking for households and businesses is falling, according to two annual studies by the Reserve Bank of Australia and the Australian Bankers Association. read more