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There was no rush to include a liability levy on banks in this year's budget, John Fraser, secretary to the Treasury has all but told the industry association, refuting much speculation over the origi.. read more

Large multinational foreign banks should be targeted by the planned liability levy, "so as to avoid Australian banks being at a competitive disadvantage in the Australian market to globally active for.. read more

The takeover by loss-making point of sale financier Afterpay of the profitable payments terminal business of Touchcorp is centred on the business model and sales force of the former, the scheme docume.. read more

Demand by investors for property loans may on the wane, in the manner looked for by the banking regulator, if the proprietary research by Digital Finance Analytics has the measure of the market. DFA s.. read more

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