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The newly appointed chief executive of St George Bank, George Frazis, will have to help his boss, Westpac chief executive Gail Kelly, show sceptical investors that her takeover of St George was a go.. read more

AGL Energy will pay 380 basis points over the 90-day bank bill swap rate on the A$650 million of subordinated notes it is issuing. This is after entering the market last week with indicative pricing.. read more

Three years ago, ING Direct Australia obtained 40 per cent of its funding from retail deposits, 30 per cent from short-term wholesale funding and 25 per cent from long-term wholesale funding. Today.. read more

Westpac yesterday confirmed a statement issued by the Finance Sector Union that the bank plans to cut another 126 jobs. read more

The proportion of cash and term deposits Australians hold in their personal investment portfolios will fall back from the current elevated levels but will remain above pre-GFC levels, says a study b.. read more

Several financial institutions have chosen to drop their at-call deposit rates as a way of relieving funding pressure. read more

Sell-side analysts believe Westpac stock has been over-sold in response to the bank's disappointing December quarter performance. They argue it will not repeat this performance and is now cheap, so r.. read more

The mortgage market has bounced back from its January slowdown, with very strong sales in February. Mortgage aggregator says February volumes are up 48 per cent on January's. read more

Australian investment managers believe they have an opportunity to raise funds for private debt portfolios over the next few years. One example is Perpetual, which entered the private debt market la.. read more

The mortgage market continues to slow, with the latest figures showing the annual growth rate slipping below five per cent. read more