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National Australia Bank will go looking for a capital lift in excess of A$2 billion, through a partial and then a full sell down of its US banking subsidiary Great Western Bank. read more

There is a lack of hype about "peer to peer lending" in the prospectus for the IPO of US consumer lending challenger Lending Club. In fact, that term is entirely absent from the company's own document.. read more

The RBA discards the option of "formalising the role" of the Council of Financial Regulators in its second submission to the Murray inquiry. read more

An opinion on the central policy options advanced by David Murray's Financial System Inquiry is shadily included in the Reserve Bank of Australia's second submission. read more

The RBA has defended the A$250,000 cap on guaranteed bank deposits in its second submission to the Murray inquiry. read more

The Reserve Bank of Australia "concurs with the Interim Report's caution regarding unproven macroprudential tools," it said in its second submission to the Murray inquiry. read more

There is "no clear basis on which to require additional capital holdings," Westpac insisted yesterday in its second round submission to the Financial System Inquiry. read more

Heritage Bank yesterday chirpily boasted that it "broke the magical four per cent barrier, offering one of the lowest advertised home loan annual percentage rates of any Australian bank." read more

"The use of default options that are carefully scoped and supported by clear objectives," is among ASIC's top suggestions as David Murray's panel moves into the second phase of its review of the Austr.. read more

The banking industry in Australia "has delivered on the four core economic functions… to a larger extent than in most comparable markets," consultants AT Kearney observe in a recently released paper.. read more