NAB's CDO class action back on track

The Supreme Court of Victoria Court of Appeal has rejected a bid by NAB to require 20 class action plaintiffs to produce documents regarding how they made their investment decisions. read more

CBA advert bombs

Commonwealth Bank's latest marketing campaign took an unusual turn yesterday with the bank (or one of its agents) briefly publishing on YouTube - and then hurriedly withdrawing - a television commer.. read more

Claims stabilise for Genworth

Genworth Financial experienced a second quarter of elevated claims from lenders that arose from borrower defaults, and the specialist insurance company expects only a modest improvement over the rem.. read more

NAB and ANZ stride ahead in home loans

National Australia Bank continues to grow at above market share in the home loan market, reporting a rise of one per cent over the month of June and an increase in its book of 9.1 per cent over a ye.. read more

NAB lives with offshoring and regulation

Australia no longer has enough skilled staff to operate ageing technology infrastructure, Cameron Clyne, chief executive of National Australia Bank, told an industry lunch yesterday. read more

ATM cash-cow misfires

Automatic teller machine operator GRG International sold A$2.4 million worth of ATMs over the June 2012 quarter, but failed to generate any operating cash flows from a fast-growing base of installed.. read more

Hurdles lowered for Clearnet

Any firm seeking to break into the business of clearing of securities and derivatives will more easily be able to seek an exchange settlement account with the RBA under new guidelines released yest.. read more

Banking exclusion zones well known

Research paid for, in part, by NAB and undertaken by the Centre for Social Impact provides a portrait of access or otherwise to banking services, so may provide some of the data the Minister for Fi.. read more

Macquarie maintains course

Macquarie Group's cost-cutting efforts are continuing to chip away at the financier's expense base and provide a prop to its otherwise lacklustre profits. read more