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Banking industry associations responded coolly yesterday to the prospect of a deposit insurance levy. Steven Munchenberg, CEO of the Australian Bankers Association, said: "We are not happy about it,.. read more

The need for a formal system of deposit insurance has been apparent since the run on building societies in Victoria in 1990, leading up to the collapse of the Pyramid Building Society. However, not.. read more

Genworth Financial says it is "cautious" about the timing and prospects for the planned sale of a 40 per cent stake in its Australian subsidiary. read more

The level of losses on insured home loans is improving for Genworth Financial. It paid out claims of A$45 million in the June 2013 quarter, down from a recent high of $83 million in the September 2.. read more

John Kinghorn, the founder of Rams Home Loans, is among eight men found to have "engaged in corrupt conduct in relation to their actions involving the Mount Penny mining tenement in the Bylong Valle.. read more

NAB's Clydesdale Bank should be able to generate reasonable profits over the next two years, in spite of difficult economic conditions in Scotland and Northern England, Standard & Poor's conclud.. read more

The Australian Prudential Regulation Authority should delay the adoption of new standards on bank liquidity, the Business Council of Australia proposes in a report on economic policy priorities. read more

The Australian Crime Commission believes there is "large-scale fraud" against Australian banks, but has spelt out only a generic estimate of the costs of this. read more

Policy-makers and banks must not "try to engineer" a revival in credit growth as an antidote to the slow-down in economic growth that is connected to the decline in mining investment, Glenn Stevens,.. read more

Glenn Stevens, governor of the Reserve Bank of Australia, offered a long-term projection on interest rates in his Sydney speech yesterday. read more