Penalty-fee politics aired in ANZ court stoush

The rationale for ANZ's cuts to exception fees on a swathe of accounts in late 2009 is the subject of a last-minute skirmish between plaintiffs and the bank in a class action over penalty fees being.. read more

NAB canters along in mortgage market

National Australia Bank continues to report growth on home loans running at twice the level of growth in system credit and consistent with trends since the second quarter of this year. read more

Pay cuts for half of NAB's UK staff

National Australia Bank is seeking to curb its wage bill in the UK by phasing out contributions to the older of its two pension schemes for half the staff working at Clydesdale Bank. The bank's plan.. read more

Empty legal win for Aldi

Aldi Stores will get its costs paid by Eftpos Payments Australia Ltd for its largely empty victory in the Federal Court over media releases sent out by the latter that were more bombastic than misle.. read more

Problem home loans rise in outer suburbs

The level of home loans 30 days or more in arrears continues to steadily climb, with the number of regions "performing poorly" rising to 22 from seven, according to Moody's Investors Service. read more