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Bank of Queensland will stick with its policy of paying out a lower proportion of profit as dividend, the bank's annual meeting in Brisbane heard yesterday. read more

National Australia Bank is looking at buying into Professional Investment Services, a financial planning firm in which Aviva holds a 23-per-cent stake, The Age reported. read more

The governor of the Reserve Bank of Australia, Glenn Stevens, appears to side with the domestic banks in their critique of aspects of the global debate over bank regulation. read more

ANZ will buy the lending and deposit books of AWB's Landmark business for what is notionally book value, but only after AWB wrote off $62 million in loan losses and other restructuring costs. read more

Westpac's update yesterday on the progress of its year-old merger with St George Bank and its business transformation included presentations by a number of the bank's executive team, but notably absen.. read more

An old favourite of the non-bank lender, the low doc loan, may return to the market with the decision of the Australian Office of Financial Management to invest in this type of loan. read more

The AOFM yesterday spelled out its approach to the planned investment of a further $8 billion of home loans and some business loans next year. This will be the third round of AOFM funding to prop up s.. read more

Westpac moved early and priced high in the mortgage market last week, earning for itself a notional, annual profit gain of $450 million. read more

Westpac, one assumes, is willing to let market share go for a while. Maybe Westpac has had its fill. Or maybe it does not expect to lose much of its natural share in the mortgage market, which is prov.. read more

National Australia Bank yesterday opted to prioritise management of its reputation over management of its margin in the domestic market, and said it will increase its standard variable home loan rate.. read more