Lloyds' losses mount 05 August 2011 4:44PM More than a third of Lloyds Banking Group's loans to Australian borrowers are impaired, the half-year financial report for the UK bank, published last night, shows. read more
Wholesale help for Westpac NZ 03 August 2011 4:35PM The pace of profit recovery for Westpac New Zealand is lifting, as better margins and a further fall in the charge for bad debts improve the bottom line. read more
Post moves into loan origination 03 August 2011 4:33PM Australia Post will seek to stretch its financial services' offering beyond deposit and transaction products under an arrangement worked out with Rural Bank. In a first for Post, a small number of p.. read more
Deposits decline at time of sky-high savings 01 August 2011 4:57PM Household deposits with banks declined for a second month in a row in June, a trend that may have more to do with an apparent aversion to credit than a diversion of savings to alternative investment.. read more
'Break up' immaterial to NAB's retail gains 01 August 2011 4:53PM The monthly banking statistics for June 2011 from APRA provide an opportunity for an overview of the relative gains made by National Australia Bank since the relaunch of its paid advertising in mid.. read more
Insurance taxes on Tax Forum agenda 29 July 2011 4:31PM The taxation of savings as well as options to replace specific taxes such as those on insurance will be up for discussion at the Tax Forum the Australian Government plans to hold over two days in th.. read more
Macquarie finds cost savings in classic banking 29 July 2011 4:29PM Macquarie Group yesterday provided an update on its earnings outlook for the year to March 2012 that analysts interpreted as being an "operational downgrade". read more
Problem loans pile up at BOQ 28 July 2011 4:31PM Severely past-due loans climbed quickly at Bank of Queensland in the May 2011 quarter, rising by one third to A$460 million. read more
Westpac takes a day to catch up on batch payments 27 July 2011 4:46PM Westpac and its banking counterparts took a full day yesterday to work through the mess created by a failure of the bank's batch payment processing procedures on Monday evening. read more
No surcharging agreement 27 July 2011 4:31PM Industry lobbies and key participants in the payment system have been arguing their corner in the latest round of submissions to the Reserve Bank of Australia regarding surcharging on credit card pa.. read more