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Banks and building societies in Australia opened an additional 48 branches in the year to June 2011, while credit unions closed two branches, the annual Australian Prudential Regulation Authority ce.. read more

Wide Bay Australia will source a higher proportion of new business from mortgage brokers in a bid to step up lending after a year of moderate growth in receivables and little growth in profit. read more

The planned implementation of a unified register of lenders' security over property, the Personal Property Securities Register, looks likely to be pushed back from the present start date of October.. read more

National Australia Bank is transferring an Australian career banker to become chief operating officer of the Bank of New Zealand. read more

Westpac this week provided an update on the handsome margins it earns on most of its wholesale banking activities in New Zealand. read more

Westpac will not renew the 10-year-old contract of HP Services Australia to process home loans at its mortgage processing centre in Adelaide, the bank's managing director, Gail Kelly, confirmed in a.. read more

Westpac plans a fresh campaign to lift productivity and cut costs across its business - an initiative that may add to costs rather than cut them in the short term. read more

A higher impairment charge dented the June quarter profit of Westpac, with the bank taking the opportunity to tidy up it problematic assets, which it says it has done in the third quarter of previou.. read more

Growth in productivity in the financial sector slackened over the 2000s, dropping to less than half the level of the 1990s, according to research by the Grattan Institute published yesterday by the.. read more

In the congested market for research tracking customers' satisfaction with their banks, one research house - DBM Consultants - has secured a minor advance on its rivals, courtesy of the choices of C.. read more