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As expected, the Government yesterday announced that it will change the Banking Act to allow banks to sell "covered bonds", or bonds against which banks pledge pools of loans as collateral. read more

The Australian Government is to make its Financial Claims Scheme, rushed into law at the height of the financial crisis two years ago, permanent. read more

A "central account registry" may help make home loans more portable, assuming the industry, following Government prodding, actually organises itself to make use of a centralised and standardised acc.. read more

Borrowers need not pay a second premium to a new lender for mortgage insurance on their home loan if they switch funders, the Treasurer, Wayne Swan, proposed in the Government's banking policy packa.. read more

Websites operated by MasterCard, PayPal, Post Finance and Visa all experienced  degraded services for a time yesterday, and top domain names may still be receiving denial of service attacks as.. read more

Bank credit policies explain the slow-down in credit growth over the last year, Neil Summerson, chair of the Bank of Queensland, told the bank's annual meeting yesterday. read more

Commercial property continues to drag down the credit quality of bank profits. Bank of Queensland yesterday blamed this aspect of its lending for a projected doubling in bad debt expenses for the ha.. read more

The average cost of funding on the wholesale portion of ANZ's book will continue to rise for 18 months, the bank said, in its submission to the Senate banking inquiry. read more

Banks will rely less on their bank account numbers as the primary method of linking customers with those accounts, ANZ wrote, in its submission to the Senate banking inquiry. read more

With two weeks to go until the New Year shutdown, banks are steering the last of this year's business prospects through the routines of capital market funding. read more