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Australian banks lightened their exposure to banks in France and Britain, and increased exposure to China and India over the June 2011 quarter, data released by the Reserve Bank of Australia shows. read more

Banks received the expected clearance to buy into National Electronic Conveyancing Development Limited this week. Alan Cameron, chair of NECDL, confirmed the decision yesterday. read more

The significance to Australian banks  of the shifting investment stance of US money market funds - which are under pressure from flighty investors - received attention in a survey of bank fundi.. read more

Gateway Credit Union lifted its level of new lending over the last year and reported growth in home lending of 19 per cent in the year to June 2011. read more

Commonwealth Bank will pay most of its staff a pay rise of four per cent, back-dated to July 2011, assuming staff vote to accept a one-year extension in the bank's enterprise agreement. read more

The Australian Government still has around A$6 billion to invest to support the purchase of residential mortgage-backed securities, the Australian Office of Financial Management's annual report show.. read more

Bank of Queensland suffered a 13 per cent fall in earnings for the year to August 2011, due to a big increase in its bad debt charge. The profit improved in the second half, however, given the peak in.. read more

Break-even is "in sight" for specialist payments provider Tyro Payments, though management is not putting a date on this milestone-to-be. read more

The challenges facing Australia Post in maintaining its niche as a provider of payment services receives many mentions in its annual report, through few metrics are provided to measure progress of thi.. read more

The chair of the Australian Securities and Investments Commission will play a role in reviewing applications for subsidised loans from inefficient operators of coal-fired power stations. read more