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The share purchase plan for Bank of Queensland turned out to be a bit of flop. After setting out to sell $100 million in new shares, with a cap of $10,000 in shares per investor, the bank sold only $4.. read more

Inflation may now be fading as a phenomenon, and a policy problem, in Australia. But one component of the price index that's displaying resilience is financial services' prices. read more

The unusual balance date for Bank of Queensland earns the bank the minor distinction of being the first bank to report for a second time under the "pillar 3" disclosures that will become the bread and.. read more

As part of the latest financial stabilisation plan for insurance and banking group ING the Dutch government will buy 80 per cent of the bank's "Alt-A", or low doc loans originated in the United States.. read more

Staff at the Australian arm of insurance and banking group ING, including the joint venture with ANZ, look likely to bear some of the 7000 job cuts announced by the Dutch financial group overnight. read more

The Australian government may contribute up to $2.5 billion to a special purpose fund that would refinance select corporate loans at present part funded by foreign banks, the Financial Review reported.. read more

National Australia Bank may be a buyer of select, offshore assets in the United States but probably not in Britain. read more

Department store chains say they are satisfied with the uptake of their co-branded credit cards even as pre- and post-Christmas sales levels look pretty ordinary. read more

MyState Financial and Tasmanian Perpetual Trustees yesterday agreed on an adjustment to the merger terms agreed between the two in October and which takes into account the more adverse trading conditi.. read more

MGIC Investment Corp is looking for a buyer for its Australian lenders' mortgage insurance operation but, failing that, will close the business. read more