Commonwealth stops selling first-home saver accounts 25 August 2011 4:16PM The liberalisation of the first-home saver account scheme earlier this year has not been enough to keep Commonwealth Bank in the market. The bank has withdrawn the product from sale, although it wil.. read more
Grimshaw 'happy' with low-return BOQ 24 August 2011 4:29PM Incoming Bank of Queensland chief executive Stuart Grimshaw says he's happy with the business he is taking over, and although he will review the group's strategy in due course there are no pressing.. read more
ANZ adds common equity trigger to hybrid 24 August 2011 4:27PM ANZ has added a common equity trigger to its latest convertible preference share issue (CPS3), which was launched yesterday, making the securities eligible for transition relief under the Basel III.. read more
ANZ gives up customer satisfaction lead 24 August 2011 4:26PM ANZ has squandered the significant lead it enjoyed in retail customer satisfaction ratings for almost a decade with Westpac now just 10 basis points below ANZ's rating. read more
Cash Converters reports record profit 24 August 2011 4:21PM Short-term lender Cash Converters reported record revenue and earnings for the year to June, with a net profit of A$27.6 million, up 27 per cent on the previous year. read more
Bandt tables banking reform bill 23 August 2011 4:34PM Hot on the heels of the Treasurer's release, on Sunday, of proposed bank account switching measures, Greens MP Adam Bandt yesterday tabled amendments to the Banking Act and the National Consumer Cre.. read more
Account-switching plan gets positive response 23 August 2011 4:32PM Finance industry representatives have been positive about to the Government's plan to facilitate easier account-switching with most agreeing that it would enhance competition without imposing a heav.. read more
Silver Chef reports strong asset growth and earnings 23 August 2011 4:30PM While the major banks are adjusting to low demand for business finance, some specialist groups are experiencing strong trading conditions with equipment finance company Silver Chef reporting a 29 per.. read more
Fixed home loan rates continue to fall 23 August 2011 4:29PM Another week of falling rates in the financial markets saw another week of lenders trimming their fixed home-loan rates. read more
Fraser opts for simplicity in account-switching recommendations 22 August 2011 4:52PM Bernie Fraser has rejected a proposal for full account number portability in the Australian banking market as being too costly and complicated, and has instead recommended an account-switching auth.. read more