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The increase in funding for financial counselling services the Government undertook as a temporary measure during the financial crisis has been made permanent. Close to A$6 million of funding that w.. read more

The weak trend in credit card spending that has shown up in Reserve Bank figures over the past year looks likely to continue. Veda Advantage reported yesterday that applications for credit cards in.. read more

The New South Wales Court of Appeal has ordered the former partners in a finance business, whose assets include lender Mortgage House, to go back to the negotiating table and resolve disagreements a.. read more

Sell-side analysts have swung behind National Australia Bank following last week's interim profit reports from NAB, ANZ and Westpac. Several analysts have upgraded NAB to a buy and others have made.. read more

The business bank at NAB has the best return on assets of all NAB's divisions, and the highest margin and the best cost-to-income ratio. read more

ING last night rejected speculation that it is selling its Australian banking business, ING Direct. read more

Westpac suffered a decline in both net interest income and non-interest income in the March 2011 half. Like ANZ, it was hit by the slowdown in the demand for credit. read more

Westpac yesterday reported an increase in stressed exposures and delinquent loans in its mortgage business during the six months to March. Mortgage delinquencies (90 days or more in arrears) rose 14.. read more

In the latest episode of the long-running soap opera that is the relationship between lenders and brokers, Westpac has decided it wants to call it quits. read more

With credit demand sluggish and margins under pressure, ANZ was unable to produce any growth in net interest income in the six months to March. The bank relied on other sources of income to generate.. read more