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Banks may be getting set for the next reckless credit boom, APRA chief Wayne Byres cautioned in a speech yesterday. read more

The details of Westpac's top executives' pay in the bank's 2015 annual report, released yesterday, provided another, if periodic, perspective on the progress of its business. Five of the top seven exe.. read more

Better than $3 million is a credible pay packet at the head offices of Westpac, with Phil Coffey, the deputy CEO at the head of this pack. read more

Mike Hirst will remain as managing director of Bendigo and Adelaide Bank, working under an employment contract with no fixed term. read more

GE yesterday confirmed it had agreed to sell GE Capital's Commercial Lending and Leasing portfolios in Australia and New Zealand to Sankaty Advisors, the global credit affiliate of Bain Capital. read more

Mutual banks, credit unions and building societies fared better on asset growth and member growth over the 2015 financial year, but conservatism may be hampering the sector. read more

Australian Unity is in the market to sell around A$200 million in ASX-listed unsubordinated and unsecured bonds from retail investors. The minimum amount sold will be $50 million. read more

GE Capital may be on the verge of finally outlining the sale of its Australian commercial finance arm. read more

A decline in correspondent banking relationships is underway worldwide, to the detriment of some vital financial flows such as remittances. read more

The effect of the current wave of out of cycle home loan rates rises on the economy "may not be large," a sanguine Reserve Bank of Australia governor told a social conference yesterday. read more