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Bendigo and Adelaide Bank will have to reduce the balance owing on a A$1.2 million loan to an elderly migrant couple in Sydney by around $250,000 after a judge ruled the bank should never have exten.. read more

MyState Financial says there is "potential for rebalancing [the] tier one and tier two mix to fund growth and drive earnings per share growth." read more

The protocols of bidding for infrastructure projects need reform so the preferred provider can negotiate debt and equity funding with a diverse range of investors, a senior executive of National Aus.. read more

The opportunities and tensions around drawing on superannuation funds to finance infrastructure investment received an airing at the Melbourne Financial Services Symposium yesterday. read more

Community CPS Australia and Alliance One Credit Union say they are in merger discussions.  The merger would be one of the larger credit union mergers in some time and the first for CPS in four.. read more

A projected rise in loan losses for Australian banks this year "should be modest and manageable", Fitch Ratings says in an overview of the industry. read more

US payment processor Wright Express takes a write-down on its pre-paid card business in Australia. read more

Lloyds Banking Group puts most of its troubled loans in Australia behind it. read more

Refinancing of syndicated loans is likely to fall away in 2013 and 2014 after a bumper year in 2012, perhaps frustrating the quest by banks to maintain on-balance sheet lending levels at a time of su.. read more

bankmecu has sold down some of its holding in MyState Financial. read more