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Genworth's plan to return capital to shareholders has hit a snag, with the Australian Taxation Office informing the company, in an informal communication, that its preliminary view is that some or all.. read more

When Westpac increased its standard variable mortgage rate by 20 basis points last November it was to maintain its return to investors following a A$3.9 billion equity capital raising. read more

Westpac reported a net profit of A$3.7 billion for the six months to March - an increase of three per cent over the previous corresponding period. On a cash basis, profit was up three per cent to 3.9.. read more

Marketplace lender DirectMoney has relaunched the product disclosure statement for its Personal Loan Fund, after taking it off the market late last year. read more

Prepaid card supplier Emerchants is moving into the North American market, with the acquisition of Store Financial Services. read more

A review of Australia's anti-money laundering and counter-terrorism financing regime has recommended that the Government take complexity out of the law and streamline compliance for low-risk regulated.. read more

Banking analysts have sent out notes to clients alerting them to the two key issues in this week's interim financial reports from ANZ, National Australia Bank and Westpac: margins and credit quality. read more

A number of deposit-taking institutions increased their at-call and term deposit rates in April, continuing a trend that has seen more rises than falls since December and a gradual increase in average.. read more

Genworth Mortgage Insurance Australia suffered a substantial fall in net profit in the March quarter after it suffered a big fall in gross written premium. read more

Lenders' consumer credit balances fell for the third month in a row in March, indicating that households continue to pay down their credit card and personal loan balances. read more