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Bank of Queensland on Thursday attempted to sell a story of a 29 per cent increase in "normalised" profit for the half year to February 2009, yet one that still demanded a cut in the dividend of 26 pe.. read more

The restructuring costs at Bank of Queensland in its half year profit includes a charge of $7.2 million charge for network impairment in New South Wales and $4.5 million in fees to break leases on bra.. read more

Cartels do not earn their stripes without cartel behaviour. National Australia Bank yesterday said it would not reduce interest rates on home loans by the 25 basis point cut in the cash rate decided y.. read more

The compromise cut of 25 basis points in the cash rate yesterday, to 3.0 per cent, reeks of tension over the stance of monetary policy. read more

More than ten years ago, as Treasury worked out the detail of the decision to implement the goods and services tax in Australia, banks were left out of the GST net. read more

Westpac managing director Gail Kelly yesterday took her turn in the spotlight to prepare the case for banks to widen margins on loan products in the context of the likely reduction in the cash rate in.. read more

The cash rate in Australia will fall 50 basis points to 2.75 per cent on Tuesday if Alan Mitchell, economics editor of the Financial Review, is on the money. read more

While more public relations than substance, there is some value in banks getting together to be a bit better at customer relations. read more

Retail customers get the PR-bundled, PM-endorsed version of help from banks. What do business customers get? read more

It's handy for ING Bank (Australia) that whopping losses on derivatives, thanks to cash flow hedge accounting, affected only balance sheet reserves and did not get recognised in the income statement. read more