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Vague plans announced in 2009 for the revival of 1970s' and 1980s' style "Aussie bonds" aimed at retail investors have effectively been ditched, budget papers for the Australian Government show. read more

A group of Perth-based entrepreneurs is seeking to build a new, niche deposit-taking entity on the foundations of pre-paid card firm EMerchants. read more

Rabobank Australia and New Zealand says it recorded an increase in net profit of 13 per cent, to A$183 million, in the year to December 2010. Assets increased 11 per cent, to $32 billion. read more

Ten per cent of the Community Bank branches operated by associates of Bendigo and Adelaide Bank are in negative equity, the bank's chief financial officer, Richard Fennell, told a Macquarie Equities.. read more

The loss ratio for mortgage insurer Genworth Financial bumped up in the March 2011 quarter, though the ratio remains below the recent high it incurred in late 2008 and 2009. read more

Big business and, to a lesser extent, households experienced minor reductions in average interest rates over the last two to three months, the quarterly Statement on Monetary Policy from the Reserve.. read more

The lop-sided nature of credit supply from Australian banks emerges from the interim results of National Australia Bank, a supposed champion of business lending. read more

NAB CEO Cameron Clyne also pointed out, at yesterday's investor briefing, that the bank was "forced to make a significant uplift in capability in the frontline sales force and mortgage processing" -.. read more

National Australia Bank remains well off the pace, compared with its three big bank peers, in producing tolerable returns on shareholder funds or approaching international benchmarks for bank profit.. read more

Fitch Ratings yesterday upgraded the long-term credit rating on Bendigo and Adelaide Bank to A- from BBB+. read more