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Suncorp aims to earn a profit from its banking business of between A$300 million and $350 million a year, the group's chief executive, Patrick Snowball, said yesterday. This compares with a profit f.. read more

Banks may be in a position to better promote the Eftpos scheme along with scheme credit and debit cards, now the Reserve Bank of Australia brokered an agreement between the parties. read more

Armstrong Corporate Capital Ltd, a new non-conforming car financier, is expanding its business from a private circle of investors and is undertaking its first public fundraising. read more

Closure of branches is once again prevalent in the banking industry, as banks big and small rationalise costs. read more

Legacy issues with National Australia Bank's UK banking arm continue to dog the group's earnings. NAB said that it had incurred an unspecified "increase in expenses largely related to further provis.. read more

A group of investors has pledged A$7.1 million to recapitalise Gippsland Secured Investments. read more

Banks can expect mono-line competitors, perhaps backed by multinational technology giants, to attack profit margins on deposit and transaction accounts, Mike Hirst, chief executive of Bendigo and Ad.. read more

Wholesale funding is proving a more attractive funding option for banks than retail deposits, with Bendigo and Adelaide Bank yesterday explaining its rationale for leaning towards wholesale money. Dep.. read more

Andrew Géczy, an old Lloyds and Citi hand with long experience in structured finance, will take over as ANZ's new head of CEO international and institutional banking from next month. read more

The Reserve Bank of Australia expects daily balances in exchange settlement accounts to increase from A$1 billion to between $20 and $30 billion as banks make the transition to more frequent settlem.. read more