Western banks' credit rationed

Foreign bank loans to Australia are holding steady at a time when lending to advanced economies is on the wane, data compiled by the Bank for International Settlements shows. read more

Dodgy home loan complaints aggregated

The Banking & Finance Consumers Support Association has published copies of loan applications and correspondence between banks and brokers relating to 250 loan applications that the association.. read more

NAB's UK subsidiary gets a bleak review

Standard & Poor's has placed the credit rating of National Australia Bank's British subsidiary, Clydesdale Bank, on review. S&P has also downgraded several British banks because of the poor.. read more

NAB builds, while Westpac slides

National Australia Bank and ANZ picked up market share in the home loan market over the three months to April 2013, with growth for each bank of 1.7 per cent. read more

Card surcharge surveillance planned

The Federal Government is stirring up banks and merchants over "concerns about credit card surcharges and non-transparent transaction fees", and has requested a study from CCAAC. read more

CUA closes branches

Credit Union Australia is to close 10 branches in south-east Queensland and in New South Wales. read more

Virtual issuers blocked by card schemes

Issuers of virtual cards may have an easier time negotiating access to the MasterCard and Visa card schemes in Australia under reforms to regulations canvassed by the Reserve Bank of Australia. read more