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Lloyds Banking Group last night flagged a further rise in the impairment charge for its businesses in Australia and New Zealand. read more

A breakdown in the air-conditioning unit at Westpac's primary data centre in Sydney yesterday led to the loss of key banking services for part or all of the day. read more

A two-year project to reduce the concentration in commercial property lending at Westpac following the takeover of St George Bank has run its course, with the bank now more open to meeting the new f.. read more

ANZ's wholly-owned banking business in Asia produced an improved profit for the group in the March 2011 half, though this accounts for less than one third of the profit that bank management likes to.. read more

A tightening in monetary policy seemed to be foreshadowed in a statement from the governor of the Reserve Bank of Australia, following the monthly board meeting yesterday. read more

GE Capital is facing the same dilemmas as the banks with which it competes - growth in lending volume is failing to convert into growth in assets. read more

The costs of the integrating the IT systems of ANZ's two bank brands in New Zealand wiped out all the notional profit growth for the group in NZ, with the March 2011 profit for the bank easing one p.. read more

ANZ will spend around NZ$117 million on its project to jettison the core banking system of the ANZ bank brand in New Zealand and to move to the Systematics platform used by National Bank of New Zeal.. read more

ANZ will continue to use a discount on reinvestment of its dividends to build its capital ratios as the bank waits for APRA to clarify the details of the Basel III regulatory regime in Australia. read more

Macquarie Group is looking for ways to reduce its level of surplus capital and so help prop up the lacklustre returns of the organisation, whose level of profitability remains less than half that re.. read more