389

National Australia Bank yesterday confirmed it had made a provision of £100 million to cover the mis-selling of consumer credit insurance in the UK by Clydesdale Bank. read more

The business plans of mercantile agency Credit Corp are working out better than expected. The firm said yesterday that net profit for the 10 months to April 2011 was A$17.9 million, up 58 per cent o.. read more

A more crowded ATM market, the rising popularity of cash-out at Eftpos and subdued consumer confidence are all working to trim the sails of Customers Limited, the largest owner of automatic teller m.. read more

All four major Australian banks had their credit rating on long term debt lowered to Aa2 from Aa1 by Moody's Investors Service, with the outlook revised from negative to stable. read more

Among the reasons highlighted by Moody's Investors Service for lowering the credit rating of big banks in Australia to Aa2 was an analysis of their likely demand for offshore debt over the coming ye.. read more

Litigation funder IMF (Australia) will defer until later in the year, or even until 2012, decisions on whether to fund class actions against any banks other than ANZ over penalty fees charged on eve.. read more

A new assessment of the level of the "unbanked" in Australia puts the proportion of the population excluded from access to everyday financial services at 0.8 per cent. read more

Lloyds International recorded a loss before tax of A$1.82 billion in the year to December 2010, with impairment charges climbing as the bank covered the costs of separating its corporate banking bus.. read more

Foreign bank branches reported their most profitable quarter since mid-2009 in the final quarter of 2010, data published by the Australian Prudential Regulation Authority shows. read more

Financial comparison website iSelect has quickly found a use for the A$30 million investment it received from a US private equity firm two months ago: ploughing the funds into a takeover of three ni.. read more