Bonuses curbed at Westpac and ANZ 14 November 2011 5:45PM ANZ CEO Mike Smith and some other ANZ executives saw their pay drop slightly in 2011, while Westpac's precise pay changes remain opaque. read more
Cadence and WAM blocked RHG bid 14 November 2011 5:39PM Normal 0 false false false EN-AU X-NONE X-NONE MicrosoftInternetExplorer4 read more
Victorian Teachers take mutual banking option 14 November 2011 5:37PM Victorian Teachers Credit Union will adopt the term mutual bank, and drop the term credit union - the fifth institution to do so. read more
Armaguard chases ATM cash 11 November 2011 5:27PM Linfox Armaguard is the company in talks to launch a takeover bid for Customers Limited, the largest operator of automatic teller machines in Australia. read more
NAB loses Coles ATM contract 11 November 2011 5:26PM Customers Limited will install at least 400 ATMs in Coles Express outlets by mid-2012, the firm announced yesterday. read more
Month wait for S&P bank ratings review 11 November 2011 5:22PM Standard & Poor's will begin to release its updated credit ratings for banks from late November, following publication yesterday of its revised criteria for rating banks. read more
MUFJ seals purchase of RBS advisory arm 11 November 2011 5:20PM Mitsubishi UFJ confirmed yesterday that it had reached terms to buy Royal Bank of Scotland's infrastructure advisory business in Australia. read more
Efficiency mavens work on three banks 10 November 2011 6:03PM Details of the latest job cuts and outsourcing planned at Westpac have emerged through the Finance Sector Union. read more
Floods dampens sales rather than repayments at Suncorp 10 November 2011 6:00PM This year's Queensland floods are hindering Suncorp's banking business by robbing it of opportunities for new business rather than by causing borrowers to miss payments. So the bank has elected to r.. read more
Stamp duty hassle for covered bond plans 09 November 2011 5:47PM Stamp duty laws in Queensland may hinder the sale of covered bonds by Australia's largest banks, given strict rules that require payment of the tax on the transfer of ownership of mortgages. read more