- Macquarie Equities Research estimated the affect on the earnings of big banks from a slow down in the resources sector at A$500 million, The Australian reported. Big banks earned a combined profit of $23.6 billion in the year to March 2012.
- National Australia Bank will extend by three years an agreement with Goldman Sachs in Australia to distribute research and some equity capital market product through NAB's JB Were private client arm, the Financial Review reported. NAB bought 80per cent of JB Were from Goldman Sachs three years ago.
- Commonwealth Bank will pay a rebate of A$700 to home owners if they switch their mortgage from another lender, the Financial Review reported.
