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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

A plateau in the level of profit across the top tier of the Australian banking sector is producing one consensus among rivals and followers: the industry had best sharpen up on costs, among other leve.. read more

A proposed new public inquiry into the banking industry has a theme, political backing, a start date and an end date - but no genuine terms of reference yet. read more

Arch Capital Group is the rising titan of the Australian capital market, and jostling for claims as risk decision-maker-in-chief in a hyperventilating mortgage market. Westpac and Macquarie Bank are o.. read more

When fronting investment types at the end of last week, Macquarie Group's CEO Nicholas Moore and CFO Patrick Upfold, conformists both, didn't tell much of any story on a 2017 full year result that fit.. read more

From contested near-death experiences in 2008 to action stations in 2011 and then to this weekend's trooping of the colour of the newest bankers' Lamborghinis stashed with bonus lolly, it's been a hec.. read more

National Australia Bank expects to have pared back its interest-only lending to within APRA's 30 per cent cap by the last quarter of the year, managing director Andrew Thorburn said yesterday. read more