CBA will live with tighter margins

Commonwealth Bank will wear the squeeze on its interest margins from more expensive term-funding the bank's chief executive told an investor briefing yesterday. read more

Heritage pays up for retail bond

Heritage Bank will diversify its funding, at a price, with the mutual bank yesterday beginning to market a five-year bond. It aims to raise A$125 million, mainly from retail investors. read more

Industry stuck with cheques

Fees will rise for the dwindling band of cheque users, the Australian Payments Clearing Association noted yesterday in releasing a report on dispensing with this form of payment. read more

Cash rate cut hard for a reason

This month's 50 basis point cut to the Reserve Bank's cash rate was made with a view to dragging borrowing rates lower, and reversing the trend of rising lending rates, the RBA made clear yesterday. read more

ATM rebates on the rebound

Rebates paid by operators of automatic teller machines are on the rebound, suggesting that consolidation in the sector is serving to intensify competition for sites among ATM operators. read more

APRA seeks further cuts to short-term funding

APRA has beaten the drum again on the need for banks to lift their percentage of long-term funding, saying they must show they have made every effort to do so before they will be given access to th.. read more

ANZ's bank fees action goes to High Court

The plaintiffs in the class action against ANZ over the alleged over-charging of penalty fees are to have their appeal against an adverse ruling in the Federal Court heard by the High Court. read more