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National Australia Bank hinted at the persistence of a lower target for bank profits in an interview with Business Spectator. read more

Banks are, or were, overwhelmingly dependent on the household sector for new business in the December 2010 quarter, the National Financial Accounts show. read more

In a section of the Financial Stability Review that can only have been written with the ANZ in mind, the Reserve Bank of Australia yesterday listed some of the "challenges associated with being a ne.. read more

Bendigo and Adelaide Bank said yesterday that the insurer for its Sandhurst Trustee subsidiary would wear the $29 million cost of the proposed settlement of the class action bought on behalf of inve.. read more

Small banks, including mutuals, will be able to pool assets in order to make effective use of covered bonds once they become a funding option later this year. read more

The Australian Government will set the cap on the percentage of assets that can be used to support covered bonds at eight per cent, the Financial Review reports - up from the cap of five per cent su.. read more

David Jones yesterday reported a rise of 10 per cent in commission revenue and a 7.5 per cent rise in EBIT profit from its credit card alliance with American Express. read more

Founder of the former Rams Home Loans, John Kinghorn, and his son Geoffrey will maintain most of their stake in the remnant of the company once the firm returns the bulk of its net assets to shareho.. read more

The pressures on lenders to develop lower priced offers in the home loan market is evident in the latest offering from ME Bank, which is marketing a refreshed home loan product with a headline inter.. read more

Commonwealth Bank will drop its exit fees on new home loans from April 4 - about three months before the regulatory removal of these fees across the market. read more