350

Heritage Bank will diversify its funding, at a price, with the mutual bank yesterday beginning to market a five-year bond. It aims to raise A$125 million, mainly from retail investors. read more

Fees will rise for the dwindling band of cheque users, the Australian Payments Clearing Association noted yesterday in releasing a report on dispensing with this form of payment. read more

ANZ has announced "plans" to invest a further two billion renminbi in its wholly owned subsidiary in China. read more

This month's 50 basis point cut to the Reserve Bank's cash rate was made with a view to dragging borrowing rates lower, and reversing the trend of rising lending rates, the RBA made clear yesterday. read more

Rebates paid by operators of automatic teller machines are on the rebound, suggesting that consolidation in the sector is serving to intensify competition for sites among ATM operators. read more

APRA has beaten the drum again on the need for banks to lift their percentage of long-term funding, saying they must show they have made every effort to do so before they will be given access to th.. read more

The plaintiffs in the class action against ANZ over the alleged over-charging of penalty fees are to have their appeal against an adverse ruling in the Federal Court heard by the High Court. read more

National Australia Bank will have the mechanisms in place to provide its merchant customers in Australia with same-day settlement some time during the next year. read more

The Export-Import Bank of the United States will provide a rare - and bumper - US$2.95 billion loan to support sales by US contractors to the Australia-Pacific LNG project on Curtis Island, near Gla.. read more

Macquarie Capital will join state governments and major banks as a shareholder in National E-Conveyancing Development Limited, the company seeking to drag Australia's system of property transfers in.. read more