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Credit unions will receive a lift to their earnings and capital from the distribution by Cuscal of the windfall gain from the sector's share of the sell-off (and listing in the United States) of Visa.. read more

Westpac chair Ted Evans told the bank's annual meeting yesterday that he expects the next year to be one where "our balance sheet growth will slow and our impairment charges will grow as the economy s.. read more

Low doc loans are the source of most of the increase in arrears on home loans, at least among those loans funded through securitisation. read more

Businesses with turnover of less than $2 million will be able to defer 20 per cent of the pay as you go instalment tax on business income otherwise payable in their quarterly tax payment due in Februa.. read more

There's talk of vendor regret on the part of Lloyds TSB and HBOS over their decision in early October to sell Bank of Western Australia to Commonwealth Bank of Australia - a takeover that yesterday ea.. read more

Banks and credit card companies are aiming to cut credit fraud by three quarters by 2014, as those in the payment chain refresh their commitment to invest in chip-based technology intended to reduce f.. read more

Commonwealth Bank appears to have decided to spurn the recent consensus (which may be no more than an investor fad) that banks are supposed to have tier one capital ratios of at least eight per cent. read more

Non-bank lenders had a slightly better month in October than at any time since the crunch hit 15 months earlier, with the sector reclaiming a minor amount of market share from the banks and a rise in.. read more

Australian banks are working out the pricing of term debt that enjoys a government guarantee. read more

Westpac yesterday easily sold $2.5 billion in new shares to institutional investors at $16 a share (and at a discount of 10.5 per cent to Monday's closing price) in a step that confirms that there is.. read more