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Bitcoin, a faddish, alternative currency that briefly attracted claims to being "one of the top-returning assets of any kind" (according to Dow Jones) has taken a fall. read more

Certegy, a provider of merchant finance, is earning an effective interest rate of 17 per cent on loans marketed to consumers as "interest-free". In some cases the interest rate is as high as 65 per.. read more

Australian Unity is in talks with Big Sky Credit Union over a possible merger that would provide a fresh start for the former in developing a niche banking business to complement its investment mana.. read more

The credit cycle for banks is not so much turning, as twisting, with industry-wide data showing an improving trend in the level of impaired assets as well as a persistent worsening in the level of o.. read more

Big business in the main, but also, albeit to a lesser extent, small business paid much more in bank fees in 2010, according to separate analyses published yesterday by the Australian Bankers Associ.. read more

Households are paying lower bank fees than before largely because of a lowering of (or, in some cases, elimination of) penalty fees for common events affecting everyday accounts. read more

A few details of the Lloyds Banking Group information memorandum sent out to prospective buyers of a portion of its UK retail banking business -  known by the working title of Verde - are dribb.. read more

Consumers' increasing aversion towards credit cards  continues to be a feature of the monthly data on payment cards published by the Reserve Bank of Australia. read more

The mix of postcodes with the greatest level of home loan arrears is taking on a different hue, with local economic stress - not floods or other disasters - possibly explaining the strife in urban g.. read more

Banks' asset quality and their level of the provisions will come under further review after the most severe Canterbury aftershock yet yesterday afternoon, following the February 2011 quake. The Sout.. read more