Households hit brakes on demand for debt

More evidence of the improving position of household balance sheets emerges from the annual analysis of the latest data available from the Household, Income and Labour Dynamics in Australia Survey. read more

Senate stalks banking sharks

The economics committee of the Senate is to conduct its second inquiry into the banking industry in 18 months. It has a mandate "to examine recent developments in the banking sector arising out of t.. read more

A black letter year for credit unions

A risk Cuscal-linked credit unions will have to manage over the coming months is the uncompromising approach being taken by First Data, the sector's present provider of payment processing services,.. read more

PSB wedded to Eftpos regulation

A review of the regulation of the Eftpos system in Australia is underway, with the release on Friday of a short paper on options by the Payments System Board. read more

Reduced funding costs prop up profits

Lower funding costs in the wholesale and retail market may lift profits for major banks by as much as three per cent compared with recent estimates, new estimates prepared by RBS Equities (Australia.. read more

All farm debts subject to NSW law

The law in New South Wales that gives farmers additional rights of mediation in dealing with their lenders has been clarified by a recent High Court ruling, with lenders now having to document any l.. read more

Customers' CEO leaves

Tim Wildash, the chief executive of ATM operator Customers Limited, left the firm yesterday. He had given notice to the board of his intention to leave in recent weeks. read more