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Details of the latest job cuts and outsourcing planned at Westpac have emerged through the Finance Sector Union. read more

This year's Queensland floods are hindering Suncorp's banking business by robbing it of opportunities for new business rather than by causing borrowers to miss payments. So the bank has elected to r.. read more

Stamp duty laws in Queensland may hinder the sale of covered bonds by Australia's largest banks, given strict rules that require payment of the tax on the transfer of ownership of mortgages. read more

The prudential regulator says it may penalise issuers of covered bonds with higher capital ratios if they allocate too many high-quality assets to their cover pools. read more

Commonwealth Bank yesterday provided an alternative view of the profits the group earns in Asia. According to the bank's full-year financial statements, CBA made a cash net profit from its direct in.. read more

Lloyds Banking Group last night reported that impaired loans in its business in Australia and New Zealand stabilised over the September quarter, but didn't provide any more details. read more

Members Equity Bank is seeking A$350 million in capital over three years from its industry super fund shareholders, which will lift its capital base towards the $900 million mark. read more

Westpac has taken its place in the queue of Australian banks planning a covered bond issue, receiving ratings of Aaa and AAA on its US$20 billion program from Moody's Investors Service and Fitch Rat.. read more

Genworth Financial plans to sell up to 40 per cent of its lenders' mortgage business in Australia through a listing on the ASX. Genworth is the larger of the two firms that dominate the mortgage insu.. read more

The sale by the Australian government in 1997 of the non-financial assets of the Housing Loans Insurance Corporation is the great steal of the privatisation era. read more