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Mark Arbib will be appointed assistant treasurer, which means the minority Labor government now has three ministers serving the Treasury portfolio. read more

Bendigo and Adelaide Bank plans to follow the path being laid down by ANZ and will adjust home loan rates in a manner - and at a time - more clearly tied to its own funding costs rather than to shif.. read more

Commonwealth Bank has limited cuts in base interest rates on key business loan products to five basis points, compared with cuts of 25 bps for home loan customers announced last week. read more

Keith Chapman will replace Wayne Byres as executive general manager of the Diversified Institutions Division at the Australian Prudential Regulation Authority. The "diversified institutions" role pu.. read more

ANZ will reprice home and small business loans in Australia on a monthly basis from now on, with future changes in rates linked - how is yet to be specified - to the bank's cost of funds. read more

No major bank is giving other lenders room to limit home-loan rate cuts, with National Australia Bank believed to have resolved to reduce the delivery rate to its third-party mortgage managers by 25.. read more

Insider histories of Australian banks are rare. It's more than ten years since the only contemporary account by anyone working in the industry was published. But Still Walking, the just published mem.. read more

Four credit unions and three mortgage managers have cut some or all of their variable-rate home loans by 25 basis points, in the line with the cut in the RBA cash rate announced this week. read more

As big banks wear another day of criticism over their inertia in reducing interest rates on home loans, in line with the RBA rate cut this week, perhaps it's time industry forces took more active st.. read more

Financial corporations in Australia, including banks, generated A$68 billion in profits in the year to September 2011, 18 per cent of all profits earned by all trading corporations over the last yea.. read more