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Glenn Stevens used his Sydney speech yesterday to remind the Australian (and other) governments of the need to work out a timetable under which to reduce and remove the flurry of government guarantees.. read more

Asset quality took a turn for the worse at Bank of Queensland over the three months to May 2009. read more

Around 50 per cent of all deposits and around 10 per cent of all wholesale bank liabilities are covered by one of the two guarantees announced by the Australian government in October 2008. read more

The financial flap of September and October 2008 was a threat of sorts to the stability of the banking system in Australia, and the announcement on 12 October 2008 by the Australian government of a gu.. read more

National Australia Bank yesterday negotiated the sale of $2 billion in new shares to institutional investors in the bank's second major capital raising since the credit shock hit with force two years.. read more

The June 2009 quarter looks like it was rougher for National Australia Bank, and maybe other banks, than NAB (and maybe others) suggested when last briefing the market on their March 2009 results (and.. read more

PKF Corporate Advisory produced a slightly higher estimate on the value arising from the merger of MyState Financial, the largest credit union in Tasmania, with Tasmanian Perpetual Trustees. read more

CIT, the US financier with an Australian finance company subsidiary has conceded that its primary US business won't qualify for any financial aid from the US government, and unless bond holders agree.. read more

The profit measures at Bendigo and Adelaide Bank may turn out to be pretty scrappy, in light of the bank's appeal to staff to agree to take 10 days unpaid leave over the next 12 months. read more

Commonwealth Bank yesterday said it will introduce a discount of 1.5 per cent on the purchase of new shares in the bank under the dividend reinvestment program that applies to the final dividend. The.. read more