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Further reductions in bank funding costs are becoming apparent, mainly in the wholesale market, with the benefits flowing through to bank borrowers and bank owners. read more

A small pool of loans serviced by Pepper Homeloans is headed for a default, a rare event in the mortgage-backed market in Australia. read more

All credit unions and other ADIs will need to hire or designate a chief risk officer and set up a board risk committee, if they do not already have one, says APRA. read more

Major banks lifted their profits over the last half, but their earnings constitute no record. Measured by return on equity, they are well short of their best. read more

Cash earnings at NAB's wholesale bank increased by A$97 million, or 19 per cent, to $615 million over the March 2013 half year. read more

Consumer credit demand may be picking up, according to data compiled by consumer credit bureau Veda. read more

The vendors of niche payments processor Pure Commerce can expect to almost double the price paid under an earn-out agreement that was disclosed in the latest quarterly report for the buyer, US payme.. read more

The bank regulator will make few changes to its earlier draft prudential rules for managing liquidity risk, with the industry being required to adopt the new liquidity coverage ratio from January 20.. read more

Banks will not be able to treat deposits from self-managed superannuation funds as "stable" under the latest version of the prudential rules on managing liquidity risk. read more

Banks will have to project the extent of their reliance on the planned committed liquidity facility (CLF) with the Reserve Bank of Australia that the industry will use, if necessary, to overcome an.. read more