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The Australian Securities Exchange has signed a heads of agreement with Bank of China to expand their strategic cooperation to develop the renminbi as a currency in Australian financial markets. read more

The average time Australian businesses are taking to pay their invoices has fallen to its lowest level since 2007, according to the latest Dun & Bradstreet trade payment analysis. read more

The Federal Court has approved orders that will give National Australia Bank customers  a further opportunity to participate the the bank fees class action. read more

Remittance companies have formed a new industry body to fight against the threat that banks will shut down their accounts. read more

The alliance between Bendigo and Adelaide Bank and four credit unions announced on Monday is the first of a number of different shared services arrangements that will reshape the mutual finance sector.. read more

Finance company Thorn Group has moved into the receivables finance market, with the acquisition of invoice discounting business Cash Resources Australia. read more

Australia's mutual financial institutions performed poorly during the 2013/14 financial year, compared with the major banks, according to a KPMG report. read more

Mortgage aggregator AFG has provided further evidence that small financial institutions are taking share away from the Big Four, with a report that 34 per cent of borrowers who refinanced home loans i.. read more

The chairman and founding director of Homeloans Ltd, Tim Holmes, died over the weekend. Homeloans issued a statement to the Australian Securities Exchange yesterday but did not provide details about t.. read more

Borrowers could be as much as seven percentage points better off taking a loan with new peer-to-peer lender RateSetter, compared with the rates offered by the Big Four, according to comparison website.. read more