BBB+ rating for People's Choice

People's Choice Credit Union, in South Australia, received a long-term credit rating of BBB+ and a short-term rating of A-2 from Standard & Poor's on Friday. read more

Poor disclosure lets Atradius off hook

Credit insurer Atradius does not have to pay out a A$27 million claim to Optus over invoices unpaid at the time of the collapse of Bill Express in mid-2008, the Supreme Court of New South Wales has.. read more

NAB culls business bankers

National Australia Bank is cutting the number of business bankers on its payroll and steering customers towards call centres for help instead. read more

ANZ develops Asian risk framework

ANZ has provided some extra glimpses of financial data on its Asian business, releasing the second instalment of a presentation provided to investment analysts last week. read more

Limit urged on RMBS help from AOFM

Treasury is pressing the Australian government to acknowledge that there may be no further financial support for niche lenders in the form of investment in mortgage-backed securities. read more

Four years to make payments ship-shape

The Payments System Board hopes to steer the banking industry towards a consensus on a new investment program that will deliver real-time payments, improved remittance data, a new numbering system a.. read more

Foreign squabbles suit ANZ

The multiplying challenges of managing ANZ's ambitions for expansion in Asia were sketched out in a presentation yesterday. read more

More margin help from RBA

Bank of Queensland took the lead once again on home loan pricing yesterday, with the bank electing to cuts its standard variable home-loan rate by 20 basis points. read more

Foreign banks curbed loans to Australia

Foreign bank loans to Australia fell by US$32 billion in the December 2011 quarter, unwinding the net increase in foreign bank lending over the preceding nine months of last year, BIS data shows. read more