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Arrears on home loans have improved in recent months after rising over late 2008 and early 2009, with the improvement mainly due to the cuts in interest rates as well as the cash handouts from the Aus.. read more

David Jones does not expect much more growth in earnings from its now co-branded store card than when the retailer wholly managed and funded this part of the business itself. DJs can expect to earn th.. read more

The board of RHG will give dissenting shareholders a chance to ditch David Coe as a director and to elect two of the dissidents as directors at the annual meeting in Sydney on November 12. read more

Foreign bank branches turned around two quarters of losses in the March 2009 quarter, data published yesterday by the Australian Prudential Regulation Authority show. read more

The pricing cap on interchange fees on Eftpos looks likely to be eased from late this year under proposals published yesterday by the Payments System Board. read more

While six months out of date, the APRA quarterly data on bank performance provides a stocktake on sector performance and is the only source of aggregate industry data. read more

Shareholders in The Rock Building Society are failing to support a share purchase plan announced three weeks ago, forcing the Rockhampton-based lender to look for another source of capital. read more

Queensland Trustees & Investment will seek to appoint two of its own directors to the board of The Rock, and to remove two long-standing directors of the building society. read more

Problem loans continue to drag on banks, with new impaired assets recognised during the June 2009 quarter the worst since the credit shock kicked off more than two years ago. read more

Scheme debit is making steady progress in the payments market. Payments made on the debit cards of MasterCard and Visa, and issued by Australian banks, now account for a little more than 24 per cent o.. read more