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RateSetter Australia has confirmed that it is not part of Metro Bank’s acquisition of RateSetter in the United Kingdom announced yesterday. read more

The Reserve Bank will purchase Australian government securities in the secondary market today (Wednesday), after reporting that the yield on three-year government bonds has been a little above 25 basi.. read more

Australia needs a public bank and licensing Australia Post to operate as “PostBank” would fill the bill, according to a new report. read more

The Australian Securities Exchange is proposing to widen the maturity pool for eligible trades used for calculating the bank bill swap rate. read more

At-call and term deposit rates continued to fall last month, in what comparison site Mozo called “a significant retreat”. read more

Lenders’ business loan balances fell for the second month in a row in June and now represent the weakest part of the bank lending market. read more

APRA tells authorised deposit-taking institutions they should retain at least half their earnings and actively use dividend reinvestment plans or other capital management initiatives to offset the dim.. read more

Commonwealth Bank has increased its investment in digital service development. read more

Invoice finance companies are in demand, with two finance companies announcing acquisitions of smaller rivals yesterday. read more

Debt buyer Credit Corp has reported a heavy fall in profit, after accounting for the impairment of its purchased debt ledger assets and additional provisioning of its loan book. read more