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German bank HvB is the lender warning the blame for freezing an unspecified but "material" amount on deposit from Babcock & Brown. B&B announced the dispute over the frozen funds to the stock.. read more

Mortgage funder Resimac reported a profit for the year to June 2008 thanks to gains of foreign currency liabilities, though core operating costs exceeded income and the firm's core business is shrinki.. read more

Mortgage Choice yesterday endorsed broker estimates for the group's 2009 profit, and said this was likely to be between 40 per cent and 45 per cent less than in 2008. The mortgage broking group report.. read more

Bank of Queensland yesterday said it entered into arrangements with Macquarie Capital Advisers to "partially" underwrite its dividend reinvestment plan for the final dividend payment, but did not elab.. read more

Members Equity Bank yesterday finalised terms for the pricing of the sale of $600 million in mortgage-backed securities. The Australian Office of Financial Management bought $500 million of the bonds. read more

Borrowers will need a deposit of 10 per cent of the bank's valuation, and funds to cover transaction costs, if they wish to borrow from ANZ. read more

Commonwealth Bank chief executive Ralph Norris and chief financial officer David Craig were forced to defend their approach to handling bad debt charges before an uncharacteristically feisty bunch of.. read more

Commonwealth Bank yesterday published its "pillar 3" disclosures required by APRA and consistent with the principle of greater scrutiny under the Basel 2 capital regime. CBA is the first bank to do so.. read more

"It was inevitable that St George one day would be taken over by one of the large banks," John Curtis, the chair of St George's board of directors, told a special meeting of shareholders yesterday. read more

Commonwealth Bank put some effort into defending and explaining its capital ratios yesterday; at its annual meeting, the analysts' conference call and in its "pillar 3" disclosures. read more