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Nathan Rees, a former Labor premier of New South Wales, has been appointed the new national assistant secretary of the Finance Sector Union. read more

Business lender Prospa is racking up milestones, with the outfit set to soon surpass A$350 million in loan originations, joint CEO Beau Bertoli said on Friday. read more

Treasury officials have given Australia's largest banks little more than the weekend to marshal arguments against the planned levy on their wholesale liabilities. read more

The choice of CBA's next international financial services group executive reinforces a new-found bias towards consumer growth markets beyond the domestic arena of Australia and New Zealand. read more

The roll-up of EDR schemes is no done deal and the final report of the Ian Ramsay review on this topic was easily missed amid Tuesday's night budget deluge on banking. As for the government's Australi.. read more

Banks and Parliament need "to bridge the obvious divide between them in the long-term interests of the Australian economy," one Big Four chief executive said in response to the government's proposed n.. read more

Financial institutions duty, a liabilities tax discarded when the GST rolled onto the scene in 2001, featured principles similar to the new bank levy in this week's budget. Most banks applied the tax.. read more

Australia's four largest banks are the political and fiscal bullseye for a savvy tax of IMF design. Labelled a levy, the tax is projected to cost the industry A$6.2 billion over four years. This is a.. read more

European banking linkages into the Australian and New Zealand banking sectors are skewed uncomfortably for the International Monetary Fund. read more

A third quarter cash profit for Commonwealth Bank that is dead in line with its profit for the first quarter and around A$100 million less than its second quarter lends support to bearish views for th.. read more