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Commonwealth Bank's otherwise strong performance in the 2009/10 financial year was coloured by losses in market share across a number of businesses. The bank lost share in home loans, retail deposit.. read more

Commonwealth Bank reported net profit of $6.39 billion for the year to June. This was up 13 per cent on the previous corresponding period. read more

National Australia Bank's chief executive, Cameron Clyne, is not deterred by the worsening situation in the financial markets, or the weaker economic outlook, and will maintain the bank's pursuit of.. read more

Banks and other organisations covered by anti-money laundering law face tighter standards if the recommendations of a Financial Action Task Force review of the global anti-money laundering (AML) sys.. read more

Store finance specialist FlexiGroup increased cash earnings by 27 per cent during the last financial year, thanks to strong contributions from new businesses. read more

Primary producers affected by natural disasters will be able to draw on their farm management accounts within 12 months of making deposits without losing tax concessions, under the terms of a draft.. read more

Draft legislation covering reverse mortgage lending would codify the "no negative equity" commitment that has been a feature of industry self-regulation. The draft proposes that if a debtor pays out.. read more

Loan brokers have expressed surprise at reports this week that the Australian Prudential Regulation Authority has written to banks cautioning them to make sure that competitive pressure does not lea.. read more

The Big Four banks continue to sell eight out of every 10 mortgages, despite efforts by their rivals to claw back some share. Mortgage broker AFG reported yesterday that the big banks accounted for.. read more

The Australian Competition and Consumer Commission will not oppose the formation of a joint venture involving six financial institutions and Experian Australia and New Zealand which will see the cre.. read more