$26bn in offshore losses for Australian financiers 28 June 2011 4:44PM The accumulated losses of all Australian financiers from their endeavours into foreign markets was A$26 billion at June 2010, a new survey by the Australian Bureau of Statistics shows. read more
CBA follows market down on home-loan rates 28 June 2011 4:42PM Commonwealth Bank is sharpening its pricing on some home-loan product lines pitched at the price sensitive end of the market. read more
Solid half for The Rock 28 June 2011 4:39PM Profits and business volumes at The Rock Building Society are improving for the first time in several years. Yesterday, the Rockhampton-based entity said it expects to report a "normalised underlyin.. read more
People's choice at Maleny Credit Union 27 June 2011 4:46PM MCU Ltd is casting around for directors and an alternative renewal path after members of the Maleny mutual voted to reject the proposed merger with Credit Union Australia on Saturday. read more
Commodity boom a regulatory burden for banks 24 June 2011 5:03PM Australia's dependence on commodity exports is one rationale for regulators forcing banks to adopt more stringent standards that in other developed economies, one of APRA's most senior executives told.. read more
Maleny CU in need of capital and directors 24 June 2011 4:23PM The proposed merger of MCU Ltd in Maleny with Credit Union Australia will not go ahead after a local campaign rallied members to block the plan. read more
Exit fee ban sticks 23 June 2011 4:50PM The ban on exit fees on home loans will come into force from the beginning of July, after the Senate voted yesterday to uphold the regulations. read more
Australasia lays out pre-paid payment dream 23 June 2011 4:48PM EMerchants, the kernel of a new deposit-taking entity being established by a group of Perth-based entrepreneurs, generated revenue of only A$1 million in the 2010 financial year, its ninth year of t.. read more
Card-not-present fraud keeps increasing 23 June 2011 4:47PM Trends in fraud on payment cards in Australia are sticking to the script. Fraud is rising on credit cards and scheme debit, and falling on Eftpos. The chief culprit in the rising trend is card-not-pre.. read more
Senate defers vote on exit fees 22 June 2011 4:21PM The Senate will vote either today or tomorrow on a motion to disallow regulations that ban exit fees on home loans. read more