Commercial property worsens for Lloyds in second half 28 February 2011 5:28PM Commercial property loans continue to fester for Lloyds Banking Group, which reported a doubling in impaired loans in Australia over the course of 2010. read more
Factoring features in FSA profit 28 February 2011 5:20PM Business lending, including invoice discounting, is beginning to contribute to the profit of FSA Group, a servicer of debt agreements that increasingly makes its money from lending. read more
Bank profit margins recovering well 25 February 2011 5:46PM Return on equity for the banking sector increased to 13.2 per cent in the year to September 2010, a rise from an ROE of 10.4 per cent in the year to September 2009, APRA's latest overview of the ind.. read more
Foreign banks just in the black 25 February 2011 5:45PM The 35 foreign banks operating in Australia recorded an aggregate profit of A$56 million in the September 2010 quarter, APRA data for the sector shows. read more
Tax rulings aid Customers ATM 25 February 2011 5:42PM A pair of tax rulings supported the profit of Customers Limited in the December 2010 half year, a period in which average ATM transactions declined and more competitors crowded into the market to fe.. read more
Cabcharge consolidates in payments' niche 25 February 2011 5:41PM A revival in tax travel over the last half of 2010 has reversed a decline in turnover for the Cabcharge payment system. Cabcharge yesterday said revenue increased 3.5 per cent, to $537 million, in t.. read more
The Rock weaning itself off RBA 23 February 2011 5:18PM The Rock Building Society says it expects to fully repay its funding lines from the Reserve Bank of Australia by the end of June, bringing to a close a period of extended support from the central ba.. read more
MyState sticks to the plan 23 February 2011 5:11PM MyState Financial maintained growth on both sides of its balance sheet in line with system over the last year, while sticking to its budget for the integration of the former credit union with Tasman.. read more
Account portability a tough case to make 22 February 2011 5:37PM The introduction of account number portability would impose significant up-front costs on banks and their customers, a Treasury briefing released last night under the Freedom of Information Act sugg.. read more
NAB trio forfeit performance options 22 February 2011 5:28PM The three most senior executives at National Australia Bank have formally forfeited equity options linked to performance targets that it's long been clear they stood no chance of meeting. read more