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Westpac yesterday locked in five-year funding on terms slightly better than those obtained last week by Commonwealth Bank. read more

UBank has more than A$10 billion deposits and more than 200,000 customers, representing 13.5 per cent of NAB's household deposits in Australia. read more

Novelty value helped National Australia Bank sell a covered bond denominated in sterling overnight on terms better than banks in Britain can achieve. read more

Heritage Bank has hired Matt Granfield as marketing manager. He joins from Brisbane-based public relations agency memery. read more

Kiwibank confirmed yesterday that it will buy Gareth Morgan Investments, a wealth management business established 20 years ago which has NZ$1.5 billion under management. read more

David Craig, chief financial officer at Commonwealth Bank, disclosed a gloomy tone to his and perhaps the bank's view of the Australian economy. read more

Commonwealth Bank confirmed the steep cost of funding for term debt for banks with its placement yesterday of A$3.5 billion in covered bonds with a five-year term, selling them at a spread of 175 ba.. read more

Lenders writing loans with lower deposits plus the benefits of a 2009 rise in premium rates explain the stable revenues and improved underwriting profits of the lenders mortgage insurance sector at.. read more

National Australia Bank will curtail lending for commercial property in the UK. The decision emerged one day after NAB topped up the capital base of its marginally profitable UK business. read more

ANZ may be in a position to better scope out its investment options in Malaysia with the release of the latter's latest 10-year "blueprint" for the development of the country's financial services se.. read more