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Heritage Bank has hired Matt Granfield as marketing manager. He joins from Brisbane-based public relations agency memery. read more

Kiwibank confirmed yesterday that it will buy Gareth Morgan Investments, a wealth management business established 20 years ago which has NZ$1.5 billion under management. read more

David Craig, chief financial officer at Commonwealth Bank, disclosed a gloomy tone to his and perhaps the bank's view of the Australian economy. read more

Commonwealth Bank confirmed the steep cost of funding for term debt for banks with its placement yesterday of A$3.5 billion in covered bonds with a five-year term, selling them at a spread of 175 ba.. read more

Lenders writing loans with lower deposits plus the benefits of a 2009 rise in premium rates explain the stable revenues and improved underwriting profits of the lenders mortgage insurance sector at.. read more

National Australia Bank will curtail lending for commercial property in the UK. The decision emerged one day after NAB topped up the capital base of its marginally profitable UK business. read more

ANZ may be in a position to better scope out its investment options in Malaysia with the release of the latter's latest 10-year "blueprint" for the development of the country's financial services se.. read more

The Commonwealth Bank's updated internet banking application Kaching for the iPhone smartphone finally became available for download yesterday - almost two months after it was first announced. read more

ANZ wrapped up a week of annual meetings for major banks on Friday with a stark assessment of the forces containing banks at present. read more

Payment card schemes may be allowed to introduce a cap on the surcharges that merchants can apply to payments made with a credit card or debit card under a proposal outlined by the Payments System B.. read more