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The Australian syndicated loan market went into reverse in the March quarter, suffering a sharp decline in volume and number of deals. read more

bankmecu cuts its standard variable home loan rate by 30 basis points, to 6.64 per cent. read more

Roxon marked Privacy Awareness Week by announcing that Australia's privacy laws would be reformed, including new credit reporting arrangements. Amendments to the Privacy Act would be introduced into.. read more

Macquarie Group has passed a milestone in the rejuvenation of its mortgage business, with the group reporting growth in its portfolio for the first time since it re-entered the market in 2010. read more

Pepper Homeloans priced its A$300 million securitisation on Friday, marking the first non-conforming mortgage-back securities transaction in the Australian market since late last year. read more

The majority of sell-side analysts left Westpac on Hold or Neutral after the bank released its half-year results last week, while ANZ's results prompted a more mixed response. read more

Westpac chief executive Gail Kelly says she thinks her bank needs to develop more of a deposit culture to meet changes in regulation and customer behaviour. read more

Westpac reported a net profit of A$2.9 billion for the six months to March - a fall of 25 per cent on the previous corresponding period and two per cent below the September half. read more

A seven per cent fall in earnings for ANZ's Australian division was driven by a 13 basis point decline in its net interest margin, which fell from 2.58 per cent in September to 2.45 per cent in the.. read more

ANZ reported a net profit of A$2.9 billion for the six months to March 2012 - an increase of 10 per cent over the previous corresponding period and eight per cent higher than the September half. read more