Maleny's board sees no alternative to merger 31 May 2011 4:18PM Members of the Maleny Credit Union will vote on the mutual's future on 25 June, after the board of directors sets a date for the contested merger with Brisbane-based Credit Union Australia. read more
Lower deposit guarantee cap proposed 30 May 2011 4:46PM With less than five months to run until the expiry of the present cap of A$1 million on the Australian government guarantee on bank deposits, financial regulators have finally published their views.. read more
Four years to modernise super payments 30 May 2011 4:37PM The superannuation sector, and employers who make super payments, may have until 2015 to adjust to the processing and administration reforms of these payments proposed by the Cooper Review. read more
Android smartphones prepped for payments 27 May 2011 4:41PM MasterCard, First Data and Citibank are the leviathans of the banking world that will make the much-anticipated Google Wallet work as a payments product. Google introduced the mobile payment technol.. read more
Pepper buys tired loan book from GE 26 May 2011 4:46PM Pepper Homeloans has emerged as the buyer of the A$5.1 billion residual home loan book of GE Capital, which the vendor said it sold at "only a very small discount" to book value. read more
Industry funds propping up RMBS 26 May 2011 4:44PM A feature of the Pepper Homeloans purchase of GE Capital's back book is the identity of, and the number of, investors in the subordinated and equity tranches of the funding. read more
NAB touted as buyer of Lloyds' branches 25 May 2011 4:58PM Lloyds Banking Group is progressing with the forced sale of 600 branches, selecting a chief executive, Peter Pester, for the business being sold. read more
SME credit demand warms up 25 May 2011 4:28PM One monitor of demand for finance among smaller businesses is showing a rise in demand, particularly among micro businesses. read more
UBank: a loss leader on home loans 24 May 2011 4:31PM National Australia Bank has clarified the revised pricing on the home loan product offered through its UBank brand. The variable rate is now 6.79 per cent. read more
mecu buys more of MyState 20 May 2011 4:48PM Melbourne credit union mecu has continued to accumulate shares in MyState Limited and this week reached the five per cent mark, resulting in a disclosure by the buyer to the ASX. read more