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The most marked cuts in interest rates over the week since the Reserve Bank of Australia cut cash rates by a quarter of a percentage point are taking place among term deposits. read more

Rate relief appears confined to mortgage customers, with not one credit card lender cutting interest rates in the week since the Reserve Bank's 25 bps, with some actually increasing. read more

Owner-occupied housing finance commitments fell for a sixth straight month in July 2008 to a touch over 50,000, with banks continuing to increase market share. read more

Cuscal Limited, the chief provider of banking and fund management services to credit unions, yesterday reported a six per cent increase in net profit from normal operations, to $18.7 million. read more

The August 2008 sales volumes for Australian Finance Group, at $1.9 billion, was the lowest level of sales for the country's largest mortgage aggregator since December 2006, with the total value down.. read more

The recent "flight to quality" of depositors and borrowers to the bigger banks has not yet improved their customer satisfaction ratings, according to the latest Roy Morgan customer satisfaction survey.. read more

Higher funding costs have caused South Australian based Savings & Loans Credit Union to report a 31 per cent fall in net profit to $10.9 million, for the 2008 financial year. read more

Firstfolio Limited continued to implement the growth by acquisition business model in financial year 2008, with the listed broker also focused on increasing the profitable mortgage management side of.. read more

The exact cause may be hard to pin down but there's no doubting the affect: Commonwealth Bank continues to stride away from the competition in the business of collecting cash on deposit. read more

The Collection turnaround strategy appears to be on track, with the underlying net profit almost doubling for financial year 2008 to $7.4 million. read more