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The decline in the Australian dollar is "credit positive" for Australian banks, says Moody's Investors Service, citing improvements to asset quality, profits and liquidity. read more

The proposed Financial Stability Fund will aim to accumulate funds equal to half a per cent of insured bank deposits, says the Treasurer, Chris Bowen. He has outlined some terms for the fund, includ.. read more

If a deposit insurance levy is a form of insurance premium - which it is - those applying the levy need a clear rationale for its level, including any differences in the level of the premium charged.. read more

More than two decades of dithering over the merit of funding a deposit insurance scheme in Australia looks to be over, with the Federal Government set to outline today what this insurance will cost.. read more

Banking industry associations responded coolly yesterday to the prospect of a deposit insurance levy. Steven Munchenberg, CEO of the Australian Bankers Association, said: "We are not happy about it,.. read more

The need for a formal system of deposit insurance has been apparent since the run on building societies in Victoria in 1990, leading up to the collapse of the Pyramid Building Society. However, not.. read more

Genworth Financial says it is "cautious" about the timing and prospects for the planned sale of a 40 per cent stake in its Australian subsidiary. read more

The level of losses on insured home loans is improving for Genworth Financial. It paid out claims of A$45 million in the June 2013 quarter, down from a recent high of $83 million in the September 2.. read more

John Kinghorn, the founder of Rams Home Loans, is among eight men found to have "engaged in corrupt conduct in relation to their actions involving the Mount Penny mining tenement in the Bylong Valle.. read more

NAB's Clydesdale Bank should be able to generate reasonable profits over the next two years, in spite of difficult economic conditions in Scotland and Northern England, Standard & Poor's conclud.. read more