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Suncorp Bank yesterday finalised terms for the sale of A$1 billion in mortgage-backed securities, a deal noteworthy for the limited participation of the Australian Office of Financial Management. read more

The rebranding of two credit unions in South Australia as People's Choice is producing intangible, though not yet financial, benefits. read more

Hobart-based MyState Limited is making progress with its newly acquired banking subsidiary in Rockhampton, but reporting static data on its trustee and asset management arm in Tasmania. read more

Financial regulators in Australia, Singapore and Hong Kong have jointly voiced concerns to US regulators over proposals that may steer clearing for many swaps and derivatives to a small number of US.. read more

US start-up Movenbank is talking to three banks in Australia about a partnership that will enable the bank to launch locally next year. read more

Banks will have to adapt to the fragmentation of the customer service chain and work harder at building customer advocacy, says industry consultant and investor Brett King. read more

Industry lobby Abacus group released quarterly data yesterday that aims to extend the corresponding series from APRA (which was also published yesterday) on the small deposit-taking sector. read more

Glenn Stevens, governor of the Reserve Bank of Australia, told a parliamentary committee on Friday that he was personally "not averse" to a charge for the deposit guarantee. He touched on the issue.. read more

FSA Group, a servicer of debt agreements, paid a higher dividend from a lower profit in the year to June 2012. read more

The March 2012 quarter may have been a dourer period for the banking industry in Australia than was previously realised. APRA data shows industry profits were lower than in all but two quarters since.. read more