'Significant change' at NAB 03 July 2013 4:31PM A further wave of job cuts may be on the way at National Australia Bank. The Finance Sector Union yesterday said NAB advised that "between now and September 30 there will be significant change." read more
Competition working in banking 03 July 2013 4:28PM Competition has worked well in the banking industry in Australia and it is a mistake to view the financial sector as "too big", says Rodney Maddock, adjunct professor in economics at Monash Universi.. read more
Problem loans may not improve: Fitch 02 July 2013 4:45PM The number of borrowers in arrears on their home loans in some areas may not improve, leaving lenders facing losses, an analysis by Fitch Ratings of loan delinquencies suggests. read more
KPMG to steer payments project 02 July 2013 4:43PM KPMG will be the program manager for the real-time payments program being coordinated by the Australian Payments Clearing Association. read more
Same old Aaa vulnerabilities, says Moody's 02 July 2013 4:42PM A "sudden-stop" scenario regarding access to offshore funding is one of the chief vulnerabilities for banks "and, by extension, the Australian government", says Moody's. read more
More time to review OBU tax dodge 01 July 2013 4:50PM Banks have won more time from the Australian government to negotiate the detail of planned changes to the offshore banking unit regime. read more
APRA exec promoted to politburo 01 July 2013 4:49PM The government has for the first time picked an existing employee of APRA to become one of its three governing "members". read more
Banks 'saviour' revisits 2008 01 July 2013 4:46PM The details of the Australian government's actions in late 2008 in shoring up the banking industry may become a fresh point of political discussion, with the restored prime minister, Kevin Rudd, emp.. read more
Bank of Sydney outflow continues 01 July 2013 4:42PM The Cypriot heritage of Bank of Sydney continues to have an impact on the bank's retail deposit base. A further outflow in May represented the fifth straight month of decline. read more
Yellow Brick Road sells new shares at a premium 01 July 2013 4:40PM Yellow Brick Road has sold A$10 million in new shares, mainly to Macquarie Bank. read more