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One aspect of the taxation of banking products crept into Australia's election debates yesterday, courtesy of a discussion paper from PricewaterhouseCoopers on tax reform. read more

Clydesdale Bank in the UK had its long-term credit rating cut from A2 to Baa2 by Moody's Investors Service on Friday. The bank is National Australia Bank's main business in Britain. NAB is rated Aa2.. read more

Turnover of the Cabcharge payment system increased only 0.7 per cent, to A$1.06 billion, in the year to June 2013. This follows growth of only two per cent or so over the last two years. read more

Britain's Financial Conduct Authority says it has reached a deal with insurer Card Protection Plan, along with 13 banks and credit card issuers, to pay customers compensation of up to £1.3 billion.. read more

Suncorp aims to earn a profit from its banking business of between A$300 million and $350 million a year, the group's chief executive, Patrick Snowball, said yesterday. This compares with a profit f.. read more

Banks may be in a position to better promote the Eftpos scheme along with scheme credit and debit cards, now the Reserve Bank of Australia brokered an agreement between the parties. read more

Armstrong Corporate Capital Ltd, a new non-conforming car financier, is expanding its business from a private circle of investors and is undertaking its first public fundraising. read more

Closure of branches is once again prevalent in the banking industry, as banks big and small rationalise costs. read more

Legacy issues with National Australia Bank's UK banking arm continue to dog the group's earnings. NAB said that it had incurred an unspecified "increase in expenses largely related to further provis.. read more

A group of investors has pledged A$7.1 million to recapitalise Gippsland Secured Investments. read more