Small lenders struggle for business

The market share of non-bank lenders in the housing finance market declined for the eighth straight month in June, monthly data published by the Australian Bureau of Statistics shows. read more

Conservatism rules at Bendigo

Bendigo and Adelaide Bank is hoping a tempering of pricing on term deposits will lift margins at a time of rising liquid asset levels, which are climbing both at management's choice and because of c.. read more

FHOG cohort up-to-date with payments

The after-effects of the mis-selling of home loans by mortgage brokers in south-western Sydney in the early 2000s continue to linger, with loans from that era and that location being among the worst.. read more

Lloyds' losses mount

More than a third of Lloyds Banking Group's loans to Australian borrowers are impaired, the half-year financial report for the UK bank, published last night, shows. read more

Wholesale help for Westpac NZ

The pace of profit recovery for Westpac New Zealand is lifting, as better margins and a further fall in the charge for bad debts improve the bottom line. read more

Post moves into loan origination

Australia Post will seek to stretch its financial services' offering beyond deposit and transaction products under an arrangement worked out with Rural Bank. In a first for Post, a small number of p.. read more

Deposits decline at time of sky-high savings

Household deposits with banks declined for a second month in a row in June, a trend that may have more to do with an apparent aversion to credit than a diversion of savings to alternative investment.. read more

'Break up' immaterial to NAB's retail gains

The monthly banking statistics for June 2011 from APRA provide an opportunity for an overview of the relative gains made by National Australia Bank since the relaunch of its paid advertising in mid.. read more