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Ratings agency Standard & Poor's has published revised ratings on five more Australian banks, three in New Zealand and one in Papua New Guinea. read more

While the major banks are keeping their customers, and each other, wondering about their approach to repricing assets and liabilities in the wake of yesterday's cut of 25 basis points in Australia's.. read more

Difficult funding conditions for banks in Europe and elsewhere featured in the rationale published yesterday by the Reserve Bank of Australia to explain the cut in the cash rate by 25 basis points,.. read more

The directors of MyATM finally called in administrators yesterday. Stephen Duncan of KordaMentha will undertake the administrative task. read more

ANZ has prevailed over its opponents in a preliminary Federal Court ruling on the legal issues at stake in a test case over alleged overcharging of penalty fees. read more

More banks can expect class action proceedings over penalty fees to begin by the end of 2011 - more than a year after a test case was first initiated against ANZ. read more

The Federal Court of Australia will rule today on the first stage of a class action brought by 34,000 claimants against ANZ over its penalty fees. read more

ATM operator MyATM is expected to update the ASX on its financial position by tomorrow, after requesting a trading halt in its shares on Friday, pending an announcement "concerning the ongoing opera.. read more

A bias toward secured funding such as covered bonds will persist through 2012 for many of the world's banks, as managers and authorities deal with the twin challenges of sovereign and bank solvency.. read more

Standard & Poor's last night cut the long-term credit ratings of Australia's four major banks by one notch to AA- from AA. The downgrading was expected and in line with the review of country rat.. read more