Securency sale confirmed by RBA

Securency, a problematic maker of substrate used in the production of plastic banknotes, and half-owned by the Reserve Bank of Australia, is up for sale. read more

Swan on song over mutuals

Mutual banks are getting an unusual share of publicity, all of it free, from the recent shifts in the banking debate.Over recent days, Wayne Swan, Australia's Treasurer has become spokesperson-in-chie.. read more

Hana beats ANZ to KEB

Hana Financial Group may be about to beat ANZ to a controlling stake in Korea Exchange Bank, and is close to agreeing to paying US$4.1 billion, from US private equity firm Lone Star. Local and inter.. read more

Federal mortgage insurance option proposed

The re-entry of the Australian government into the supply of mortgage insurance to lenders is one policy option proposed by economist and financial intermediary Nick Gruen, in a paper for the Whitla.. read more

Rhetorical props for mutuals

Credit unions and building societies got a dose of national publicity yesterday, courtesy of Treasurer Wayne Swan, who told Nine Network's Today show that banks had "behaved badly" towards borrowers.. read more

Deposit competition 'extraordinary'

Competition forces are evident on the deposit side of banks' balance sheets, providing "extraordinary" terms for some customers, Ric Battelino, the deputy governor of the Reserve Bank of Australia,.. read more

ATM fees rising

Fees of $2.50, up from $2, are beginning to take hold in the automatic teller machine sector, with market leader Customers Limited at the forefront of rising prices. read more