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Bank of Queensland is buying its third, specialist finance business in a decade with the takeover of the main operating businesses of Investec Bank (Australia) Ltd. read more

Investec Group will cease to trade using a banking authority in Australia after the sale of its leasing business to Bank of Queensland. read more

From next April, banks and all small deposit taking entities will have to be on standby to supply daily reports on their liquidity if requested by the banking regulator. read more

Hume Building Society will trade as Hume Bank from July, after the Australian Prudential Regulation Authority endorsed a shift in status. The new bank will have around A$1 billion in assets. read more

The existing framework of regulation is "entrenching a cycle of competitive distortions to the detriment of the overall banking system," Suncorp Group chief executive Patrick Snowball said on Friday. read more

The Export Finance and Insurance Corporation is backing the formation of a government scheme to improve access to finance for smaller businesses, modelled on similar lenders in Germany and Britain. read more

Australian consumers are paying high prices, by international standards, for financial services and savings are not being passed on to them, Industry Super Australia argued in its submission to the Fi.. read more

China UnionPay has become "the most popular payment method based on purchase volume", US researcher The Nilson Report said in its annual report, Global Cards. read more

Rising property prices are helping to resolve the legacy issues at lenders mortgage insurance company Genworth Australia and set the scene for a listing on the ASX. The company's profit levels, howeve.. read more

Global broking group, Arthur J Gallagher is to buy insurance premium funding businesses Monument and Lumley Finance from Wesfarmers. read more