Shadow banks immaterial, says RBA

Australia's universe of "shadow banks" is small beer in the context of total domestic financial system assets, even if some investors have lost savings, the Reserve Bank of Australia says in its lat.. read more

Stevens defends liquidity facility

Reserve Bank governor Glenn Stevens used a speech to the ASIC Annual Forum yesterday to rubbish recent efforts to portray the "committed liquidity facility" - that will help Australia banks meet the.. read more

Margin declines for bankmecu

Matching the market on deposit pricing took a toll on profits at bankmecu, a Melbourne-based mutual bank, over the half year to December 2012. read more

CBA clear to buy Aussie

Commonwealth Bank has avoided any conditions being imposed on its purchase of a controlling stake in Aussie Home Loans, with the ACCC giving the deal the green light yesterday. read more

SME borrowers wear rate pain

Small business borrowers have borne yet more pain from banks' management of their margins over the last year, while big business and residential borrowers have benefited from price competition, a ne.. read more