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Billion-dollar mortgage fund manager Banksia Securities called in the receivers yesterday, after a review by its new chief executive revealed many more problem loans than previously acknowledged. read more

More and diligent supervision of banks is at least as vital to patrolling the behaviours that might give rise to severe losses as much as a protective buffer of increased capital the head of financi.. read more

More indicators of the downbeat outlook for the banking sector emerged yesterday, with pointers to rising business loan defaults and to a softening in demand for consumer credit. read more

Banks need to adapt their business models to cater to the demands of a restless public whose trust in the industry, globally, "is at an all-time low", says ANZ's Australian CEO, Phil Chronican. read more

A change in the funding policy of the Australian government may drive investors, including managers of the liquidity books of banks, to reconsider their options. read more

Lenders will have to review the cash flow models of 10,500 companies affected by an Australian Government decision to make larger businesses pay their company tax payments monthly rather than quarte.. read more

NAB's frontline will have to rely on their peers and a database of answers to frequently asked questions if they are to resolve thorny customer problems from now on, as the bank closes down a long-s.. read more

Six months after saying that its models were "improving" and that there was "a lesser requirement for collective provisions", National Australia Bank has had to top up those provisions in the final.. read more

Standard & Poor's said it had raised its long-term issuer credit rating on Credit Union Australia to BBB+, from BBB. read more

The severity of competition for term deposits put a brake on Bank of Queensland's return to profit over the half year to August 2012. read more