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Eighteen months ago National Australia Bank opted for a restructure of its UK banking arm that David Thorburn, the UK chief executive said "will reduce the risk profile of the business and deliver ret.. read more

Word on the need for a credit licence is still filtering through to lenders and brokers, more than three years after the policy became law. The annual review of the Australian Securities and Investm.. read more

ANZ hit many financial targets and provided a robust defence of the progress of its strategy in Asia in its annual profit announcement, which was released yesterday. It is a result that defies the.. read more

Scepticism over the level and sustainability ANZ's returns from its operations is a long-running theme of this newsletter's coverage of the bank, and a view beginning to find an airing among influen.. read more

APRA still "does not have a view on the 'right' size of the credit union industry or the 'right' number of credit unions", APRA chair John Laker told an industry convention yesterday. read more

The asset quality issues of lenders that have bugged the earnings of mortgage insurer Genworth in Australia are starting to improve, while new business levels are also improving. read more

Mike Hirst, managing director of Bendigo and Adelaide Bank, used the bank's annual general meeting yesterday to outline some issues the bank wants addressed at the forthcoming financial system inqui.. read more

MyState Financial remains on the hunt for another deposit-taking entity to take over. read more

The aftermath of Commonwealth Bank's 2008 takeover of Bankwest continues to distract management - and consume the passions of aggrieved customers. On Saturday, The Sydney Morning Herald reported tha.. read more

Underlying earnings at the Reserve Bank of Australia in the year to June 2013 were A$700 million, about the same as the previous year and "very low by historical standards", the bank said in its ann.. read more