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The adaptation of risk management systems and business practices at ANZ to conform to the requirements of the Basel II regime for working out risk weights and thus capital levels was a bit of a rush j.. read more

National Australia Bank said it took a provision of $65 million this half "with respect to long-standing legal proceedings where settlements are imminent". read more

NAB appears to have spent at least $30 million, and maybe the best part of $55 million, in the March 2009 half year in setting up the basis of its new core banking system, disclosures in the bank's fi.. read more

Professional worry warts have long wondered whether lenders' mortgage insurers would prove fair-weather friends to Australia's banks - and there's some evidence in NAB's half year profit that that may.. read more

ANZ may have to search for a new successor with the requisite experience in Asia to replace Charles Goode as chair of the bank's board, with widespread reports that Rod Eddington, his designated repla.. read more

Banks have not reduced interest rates for business customers at all over the last months and have in fact increased interest rates for more than two thirds of customers, research by East & Partner.. read more

Australian Finance Group is seeking to buy back up to 20 per cent of its capital in an offer that values the aggregator at around $41 million. read more

Business planning at Commonwealth Bank is predicated on the basis of a worse recession than the already downbeat, consensus forecasts suggest, while the bank expects essentially no growth in credit an.. read more

ING Funds Management may have to resume redemption of funds to investors in two managed funds after the Supreme Court of New South Wales declined to validate attempts to patch up the constitutions of.. read more

Tonto Home Loans will be able to pursue claims against three aggrieved borrowers without the aid, or irritant, of the Australian Securities and Investments Commission assisting the court to work out t.. read more