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A reduction in the net interest margin of 25 basis points ate into the net profit of bankmecu in the year to June 2013. read more

A South Australian mortgage broker faces five counts of providing false or misleading information to secure home loans from Westpac worth more than $500,000. read more

Bendigo and Adelaide Bank is investigating a new integrated lending system and management reporting system, Standard & Poor's disclosed, in a periodic review of the bank's "servicer rating". Thi.. read more

Genworth Financial may defer its planned sale of a 40 per cent stake of its Australian business to 2014 as banks adapt to Basel III rules on capital and work out their demand for mortgage insurance. read more

The Financial Conduct Authority has fined Clydesdale Bank for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on more than 42,000 mortgages. read more

Mutual bank status is a net benefit for mutually owned credit unions and building societies that make the switch, Standard & Poor's argued in a report yesterday. Since September 2011, 10 credit.. read more

Receivables on the David Jones American Express co-brand card remain on the disappointing side. The retailer said yesterday that they stood A$333 million at July 2013. read more

Heritage Bank chair Kerry Betros has hit out at the Australian Prudential Regulation Authority in the mutual's annual report, taking issue with its "extreme approach". read more

Banks and life insurers will need to work harder to maintain a share of the post-retirement money management market, a study by Deloitte on the dynamics of the Australian superannuation system concl.. read more

Foreign banks will only be able to register as a foreign company under the Corporations Act using the word "bank" in their name if they also register a representative office, says APRA. read more