RBA reluctant to pay dividend

Some of the tension between the Reserve Bank of Australia and the Treasurer over the ability of the RBA to pay dividends is aired in documents released by the RBA under the Freedom of Information l.. read more

Bill Express CFO jailed

The Victorian Court of Appeal yesterday sentenced Peter Couper, the former chief financial officer of the parent company of Bill Express, to 22 months in jail (to be released after 60 days) and fine.. read more

Australian banks 'enjoy government subsidies'

Australian banks enjoy "a range of indirect government subsidies", according to an overview of the local industry prepared by the United States' embassy in Canberra in 2009. Wikileaks fostered acces.. read more

US embassy accesses RBA insights

Malcolm Edey, an assistant governor of the Reserve Bank of Australia, provided US diplomats with insights into staff and board thinking on monetary policy one week ahead of a regular board meeting i.. read more

Time up for RMBS prop

Five years of Federal Government financial assistance for small banks and non-bank lenders is drawing to a close. The Australian and the Financial Review today preview a speech by the Treasurer, Wayn.. read more

DirectCash trims ATM costs

DirectCash says it has made cost savings on its Customers ATM business in Australia of C$4.6 million, or seven per cent of the cost base, since taking control in the middle of last year. read more