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Two clients of Storm Financial will have to draft fresh pleadings in legal action against Commonwealth Bank over the bank's alleged role in investment losses suffered by the pair. read more

Rising yields on European public sector and bank bonds are dragging down the profits of Westpac Banking Corp as it re-values securities held for trading and liquidity purposes. read more

The proposed initial public offering of the lenders' mortgage insurance business operated by Genworth in Australia could emphasise one little-known feature company: it is the fourth most profitable.. read more

State and territory governments have begun to make the final proclamations needed to enable the transfer of two dozen registers of security interests to the unified register established under Commo.. read more

A secular shift in the use of credit cards as a tool of household finance may be underway, with a decline for the fourth consecutive month in the value of credit card balances in October. read more

National Australia Bank is winding down its white-label payments processing business Evolution Payments. read more

Digital wallets might be exciting banks, but it will be a hard slog to convince local consumers. A new KPMG report shows 60 per cent of Australians aren't willing to use their mobile phones as digita.. read more

Mark Arbib will be appointed assistant treasurer, which means the minority Labor government now has three ministers serving the Treasury portfolio. read more

Bendigo and Adelaide Bank plans to follow the path being laid down by ANZ and will adjust home loan rates in a manner - and at a time - more clearly tied to its own funding costs rather than to shif.. read more

Commonwealth Bank has limited cuts in base interest rates on key business loan products to five basis points, compared with cuts of 25 bps for home loan customers announced last week. read more