Bank subsidies extended to farm finance

Subsidies for banks, rather than farmers, will be made available from next week after the Australian Government conceded to lobbying over a barely existent issue around farm finance. read more

Court corrects MLC life policy

National Australia Bank will have to pay A$110,000 in income insurance to a customer seriously injured in a 2008 motor vehicle collision after a court found the bank's insurance arm failed to issue th.. read more

Majors turn up high LVR lending

Major banks accounted for almost all the increase in low deposit home loans over the last year, a sign of their willingness to stretch credit criteria to maintain volume growth. read more

UK Select Committee may probe NAB loans

Aggrieved business borrowers with National Australia Bank's UK subsidiary will be looking for a sympathetic hearing from the parliament's Treasury Select Committee on their long-standing complaints. read more

Bank subsidies 'top $11bn'

Subsidies to banks from the Australian government may exceed A$11 billion, analysis by John Watson of Margate Financial Research Solutions suggests. read more

NAB UK conduct still a problem

Having thrown in £1.5 billion over five years to prop up its Clydesdale Bank operation in Britain, National Australia Bank looks like it will have to divert yet more capital to the UK. read more

G20 sticks with banking reform plans

The final communiqué from the meeting of finance ministers and central bank governors of the Group of 20 in Sydney over the weekend suggests there will be no backsliding on the regulatory reform prio.. read more

Ultradata sheds legacy image

A key supplier of banking technology to Australia's mutual financial institutions insists that its offering is "world leading" and by no means a legacy platform, as inferred in a recent Banking Day fe.. read more