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Mortgage lender Pepper Australia has purchased a 12 per cent stake in PrimeCredit Ltd and Shenzhen Prime Credit Ltd, consumer finance lenders operating in the Hong Kong and southern China markets. read more

National Australia Bank made a net profit of A$3.4 billion for the six months to March - an increase of 20.4 per cent over the previous corresponding period. After eliminating the effects of fair valu.. read more

National Australia Bank chief executive Andrew Thorburn has conceded that the bank's "fulfilment" processes in business and personal banking are not up to standard and has outlined significant investm.. read more

Consumer group Choice has released the results of a shadow shop of mortgage brokers, reporting that there were problems with disclosure, product recommendations and client assessments. read more

National Australia Bank's decision to cut its standard variable mortgage rate by 20 basis points means it no longer offers the lowest SVR among the big banks - a point of difference it has used in its.. read more

According to the latest Roy Morgan Research survey of business customer satisfaction, business customer ratings of their banks have fallen by an average of 2.9 percentage points over the past six moth.. read more

Investor activity in the residential property market is still running at very high levels, according to mortgage aggregator AFG. read more

Australia Post has added to its Load&Go prepaid card portfolio, introducing a dual currency card offering Australian dollars and yuan. read more

National Australia Bank has quit the self-managed superannuation fund loan market, telling brokers it will no longer offer the controversial loan. Several sources have told Banking Day that NAB was ge.. read more

ANZ made a net profit of A$3.5 billion for the six months to March - an increase of three per cent over the previous corresponding period but a fall of ten per cent from the September half last year. read more