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Macquarie Group said yesterday that it had sold US$250 million hybrid securities, half the level the bank aimed to sell when it announced the issue more than two weeks ago. read more

David Jones will increase its investment in its credit card business by around A$8 million over the next 18 months in an effort to increase demand and support earnings when a profit subsidy from its.. read more

Technology expenses have chewed up the equivalent of four months profit at ANZ's operation in Taiwan, the bank's largest business in Asia. read more

The Australian Payments Clearing Association has secured a 10-year clearance from the competition regulator for the rules governing its high-value clearing system. read more

Macquarie Group is finally close to pricing its planned sale of hybrid securities that it foreshadowed two weeks ago. read more

The wholesale funding task of banks has "become more manageable", the Reserve Bank of Australia says in its March monetary policy meeting minutes. read more

Owners of 40 per cent of homes in capital cities purchased over the last two years are in "negative equity", new analysis shows. read more

ANZ and National Australia Bank are catching up with the remainder of the market and "reversing" the direction of interchange on Eftpos payments from the beginning of April. read more

A few crumbs of data on the PayPal business in Australia emerged on Friday in the context of a public relations announcement about a smartphone attachment that will allow registered businesses to ta.. read more

Banks in New Zealand will not be able to make dividend payments if their capital levels fall below the "conservation buffer" level that will be superimposed on the notional minimum capital requireme.. read more