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Bank profits in Australia fell five per cent to $17.5 billion in the year to March 2010, the latest overview of the financial performance of the sector published by APRA shows. read more

ATM operator Customers Limited yesterday declared its debut dividend of eight cents a share, one of the fruits of the shift in the fee regime that applies to the use of automatic teller machines. read more

The emergence of alternative payment mechanisms for the taxi industry may be chipping away at the turnover and profits of Cabcharge, the firm that once held a stranglehold on this service. read more

The Rock Building Society is targeting a higher minimum capital ratio than previously, annual financial statements released yesterday show. The Rock will now target a minimum ratio of 12 per cent, w.. read more

A slowdown in the rate of runoff in loans of RHG Group only partly offset a higher cost of funds that is chipping away at the yield that the company can earn on the back book of the former Rams Home.. read more

The quarterly disclosure document for Macquarie Bank, released yesterday, serves as a reminder of the world of difference, so far as gaining insight into a banking business is concerned, provided by.. read more

Merchant finance, a new commercial leasing business staffed by former CIT executives, will form the core of the growth plans for FlexiGroup over the coming year, as the niche financier seeks to broa.. read more

A reorganisation of its mortgage insurance arm helped regional bank Wide Bay Australia report a profit increase of 30 per cent to $22.3 million in the year to June 2010. read more

Westpac yesterday reported a mix of lower revenues and rising expenses and a measure of cash profit for the bank's third quarter that disappointed the market. read more

The bad debt expense to the profit and loss may be falling away for Australia's major banks, and thus supporting profits, but asset quality in general continues to get worse among the industry's dom.. read more