Majority of FSU executive opposed to Jordan

Internal strains at the Finance Sector Union arising from the boilover victory of challenger Fiona Jordan in last year's election for national secretary are spilling into the public domain through a.. read more

RBA considers reduced investor lending growth

A decline in approvals for investor housing loans in the order of ten per cent to 20 per cent was considered as a policy goal by the Reserve Bank of Australia late last year, as it worked with APRA on.. read more

APRA pulls leash on foreign banks

The banking regulator is cracking down on uneven and in some cases non-compliant disclosure by foreign banks on the caution they give to customers regarding the protection of their deposits. read more

UK exits soaks up NAB capital

National Australia Bank is using its need to prop up the capital of its stressed UK subsidiary as the rationale for a wider capital raising, planned to produce A$5.5 billion in new capital. read more

Comment: Credit growth taxes banks

Periods of lacklustre credit growth often morph into strife in banking, and it's interesting to observe this playing out in the form of lower margins across Australia's dominant banks. read more