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A loose association, even if only by national origins, with the near failure of the Belgian-Dutch banking group Fortis at the end of September, proved problematic for the deposit gathering efforts of.. read more

Only one bank has opted to absorb the fee payable to the Australian government for the guarantee on deposits of more than $1 million for the time being. read more

In some case niche banks plan to partly absorb the insurance fee on guaranteed deposits of more than $1 million. read more

Most credit unions contacted for this survey plan to adopt an opt-in regime for the deposit guarantee as well, and most are expecting their customers to leave their money in place, take the maximum yi.. read more

Fifty-six deposit taking institutions are listed by Treasury as qualified for the "guarantee scheme for large deposits and wholesale funding" as the scheme is now known. read more

Wide Bay Australia yesterday said it would seek to raise up to $15 million in the sale of ordinary shares. The company said it did not expect to raise that much and would be happy with between $7 mill.. read more

National Australia Bank's impaired loans do not look so bad, on a peer comparison, now that ANZ has published its "pillar 3" disclosures for the September 2008 quarter. read more

Bendigo and Adelaide Bank yesterday reported impaired loans of all of $44 million at September 2008 and equal to only 0.1 per cent of gross credit exposures of $33.5 billion at the end of the quarter. read more

Macquarie Bank yesterday disclosed that it had impaired loans of $528 million at September 2008, and equal to 0.9 per cent of credit exposures of $58 billion. Macquarie, like other banks, has publishe.. read more

Majestic Mortgages has shut its doors, with the mortgage originator concluding there was too little interest from funders to maintain a business in the non-conforming space. read more