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CBA released its unaudited trading update for the first quarter of its 2017/18 financial year, showing the bank apparently shrugging off reputational and regulatory woes. read more

The Commonwealth government is to auction off the Australian Office of Financial Management's entire current holdings of residential mortgaged-backed securities, comprising its remaining investments i.. read more

Westpac chief executive officer Brian Hartzer and CFO Peter King were keen, both in their presentation to analysts and to the media later in the day, to highlight the strength of Westpac's balance she.. read more

The "mix of flow" in the Westpac mortgage book has also been changing from interest-only loans in favour of fixed rate mortgages, according to the group's CFO Peter King. read more

The latest league tables from Thomson Reuters, for the year to end of October 2017, shows that ANZ retained its spot at number three on the Asia-Pacific (ex-Japan) mandated arranger table with 61 deal.. read more

Three well-understood non-bank mortgage providers - Resimac, Columbus Capital and Liberty Financial - have each launched new residential mortgage backed securities transactions, seeking over A$1 billi.. read more

On a cash basis, earnings were A$6.6 billion, up 2.5 per cent on the previous comparable period (and note: cash profit in 2016 excluded large one off losses from divestment of non-core businesses). read more

National Australia Bank's headline result, telling a tale of cash profit up 2.5 per cent to more than A$6.6 billion, was slightly overshadowed by the cutting of almost 20 per cent of the banking group.. read more

 If there is one thing the major banks agree on, it's that they don't like sharing, even when it will be for the greater good of the banking sector. And they seem to be slow learners, too. read more

Westpac announced on 1 November that they will no longer offer new American Express cards from 1 February 2018, with Westpac American Express cards to be phased out completely by 4 April 2018. read more