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Firstfolio director and shareholder Tony Wales has thrown the mortgage company a lifeline, agreeing to lend it A$29 million so it can repay Commonwealth Bank. read more

MasterCard has spent the past five years building a loyalty and rewards business in Europe and the United States. That business has not had much presence in the Asia-Pacific region but that will chang.. read more

ANZ reported a net profit of A$3.4 billion for the six months to March - an increase of 15 per cent over the previous corresponding period and an increase of two per cent over the September half. On a.. read more

Australian business banking was an underperformer for ANZ during the March half, with the business held back by weak loan growth, pressure on corporate debt margins and a couple of big impairment char.. read more

Australian financial institutions with local client bases are to be exempt from the reporting obligations of the US anti-avoidance tax law, the Foreign Account Tax Compliance Act, under an agreement s.. read more

Sales and earnings were a little weaker for Genworth Mortgage Insurance Australia in the first three months of the year, according to a March quarter financial report released by the company's parent,.. read more

Commonwealth Bank customers will be able to withdraw cash from an ATM using the CommBank app on their smart phone rather than a transaction card. read more

Both the housing finance and business lending markets continued to pick up momentum in March, although the rate of growth remains modest. read more

The number of financially excluded Australians fell in 2013, although there were still more than three million adults who had little or no access to daily banking, credit and insurance services. read more

Revolving securitisation facilities, or master trusts, would be permitted under a revised prudential standard proposed by the Australian Prudential Regulation Authority. read more