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Banks will be subject to a cap on the size of the committed liquidity facility they can access from the Reserve Bank of Australia from January 2015. read more

The LM First Mortgage Income Fund will be wound up, following a ruling by the Supreme Court of Queensland. read more

Any bankers grizzling about lacklustre demand for debt might want to cheer up, since Australian Bureau of Statistics shows their product is penetrating their target market well. read more

With the ink barely dry on her "retirement" from NAB's board, Patricia Cross has joined the board of Macquarie Group. read more

A short-term lender that charges interest rates of more than 300 per cent and disguises its loans as diamond trading will have to fend off claims brought by the Australian Securities and Investments.. read more

Westpac yielded to the pressure for more competitive pricing on its home loan products yesterday by dropping its standard variable mortgage rate by 28 basis points, to 5.98 per cent. read more

The decline in the Australian dollar is "credit positive" for Australian banks, says Moody's Investors Service, citing improvements to asset quality, profits and liquidity. read more

The proposed Financial Stability Fund will aim to accumulate funds equal to half a per cent of insured bank deposits, says the Treasurer, Chris Bowen. He has outlined some terms for the fund, includ.. read more

If a deposit insurance levy is a form of insurance premium - which it is - those applying the levy need a clear rationale for its level, including any differences in the level of the premium charged.. read more

More than two decades of dithering over the merit of funding a deposit insurance scheme in Australia looks to be over, with the Federal Government set to outline today what this insurance will cost.. read more