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Banks can expect mono-line competitors, perhaps backed by multinational technology giants, to attack profit margins on deposit and transaction accounts, Mike Hirst, chief executive of Bendigo and Ad.. read more

Wholesale funding is proving a more attractive funding option for banks than retail deposits, with Bendigo and Adelaide Bank yesterday explaining its rationale for leaning towards wholesale money. Dep.. read more

Andrew Géczy, an old Lloyds and Citi hand with long experience in structured finance, will take over as ANZ's new head of CEO international and institutional banking from next month. read more

The Reserve Bank of Australia expects daily balances in exchange settlement accounts to increase from A$1 billion to between $20 and $30 billion as banks make the transition to more frequent settlem.. read more

Use of the planned committed liquidity facility being established by the Reserve Bank of Australia will be "routine" and relatively inexpensive for banks, says the RBA. read more

The changing shape of ANZ's institutional lending business was a prominent theme in the bank's third quarter trading update published on Friday, with a planned "de-risking" translating as a route to.. read more

Another operational blunder at the Bank of Queensland will cost the bank A$46 million to remedy, or about one month's profit. read more

Commonwealth Bank has stretched credibility concerning its full-year cash profit - said to be A$7.82 billion - by omitting a large A$45 million loss on a loan made to one of its most notorious borro.. read more

The Australian Bureau of Statistics has produced a fresh set of data on business entries and exits, which provides a new view of the success of finance firms. The latest count found that new entrant.. read more

Less than one third of the deposit base held by Australian banks will be subject to the deposit insurance scheme proposed by the Federal Government. New estimates released by Treasury yesterday put.. read more