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National Australia Bank is facing up to the likelihood of having to pay disputed tax over hybrid securities, known as ExCaps, originally sold in 1997. read more

MyState and Financial and Tasmanian Perpetual Trustees will vote on the proposed merger of the two firms at special meetings on August 18 and August 19, the two companies announced yesterday in a medi.. read more

Wide Bay Australia sold only $15 million, rather than $25 million in lower tier II, subordinated notes, the lender disclosed on Friday. read more

Bank of Queensland continues to scratch around for takeover and merger options, and in the meantime continues to pump out the rhetoric over how the effort to generate actual options is going. read more

Macquarie Group will consent to one of its satellite funds removing the group as manager, with the fund directly employing all management and staff itself. read more

Bank of Queensland disclosed yesterday that it had aggregate loans of $105 million to 319 clients with links to Storm Financial, the failed financial planning group that is producing material loan los.. read more

Phil Chronican, group executive for institutional banking, will leave Westpac the bank announced yesterday. read more

Commonwealth Bank said that it estimated that's its decline in business lending in Australia was the steepest of any of the major banks. read more

Foreign bank branches reported a second consecutive quarter of losses in the December 2008 quarter and incurred losses in aggregate over the course of the calendar year. read more

The returns of foreign banks operating in Australia as subsidiaries fell only a little over the course of 2008, but then profits for this group of banks were on the low side to begin with. read more