Local CEO preferred for Clydesdale

A long-term, local staffer will run the British banking operations of National Australia Bank for the first time in the bank's quarter century of direct investment in the UK. read more

Lending flows lower thanks to floods

Commercial lending and personal lending all fell heavily in January, monthly data from the Australian Bureau of Statistics shows. As with the decline in housing finance already reported, the floodin.. read more

Ninety new shopfronts for Westpac

An intensive program of new branch openings in Victoria is the key feature of Westpac's decision to revive the Bank of Melbourne brand from August this year. read more

Bank of Melbourne revived by Westpac

'Westpac resurrects the Bank of Melbourne brand in Victoria', The Australian reports. The bank will announce the decision - no doubt coinciding with an advertising push - today. read more

Eftpos fees turn positive for banks

Banks will be expected to demonstrate they are investing in improved Eftpos services in order to continue with the revised wholesale fee arrangements that will apply from late this to year. read more

CBA recovers systems

Commonwealth Bank weathered a day of restricted customer service across key electronic banking platforms yesterday, with the nature of the strife exaggerated in florid reporting by many media outlet.. read more

HSBC in the pink

The pre-tax profit of HSBC increased 30 per cent, to US$258 million, in the year to December 2010, the annual report for the banking group published overnight shows. read more