BBB+ rating for People's Choice 18 June 2012 5:07PM 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 18 June 2012 5:01PM 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 14 June 2012 4:45PM National Australia Bank is cutting the number of business bankers on its payroll and steering customers towards call centres for help instead. read more
Surcharging curbs do not apply, says Cabcharge 14 June 2012 4:43PM Cabcharge provided an outline of its views yesterday - and what might be the basis of future legal action - over forthcoming curbs on credit card surcharging. read more
ANZ develops Asian risk framework 12 June 2012 5:00PM 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 12 June 2012 3:58PM 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 08 June 2012 5:14PM 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 07 June 2012 4:44PM 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 06 June 2012 4:54PM 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 06 June 2012 4:51PM 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