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There is not much prospect of Standard & Poor's lifting the credit ratings of Australian banks, the ratings agency says in a commentary published yesterday. read more

Short-term lender Cash Store Australia traded at a loss once again during the December 2012 quarter. read more

Legal disputes over the purchase by Columbus Capital of the Origin wholesale mortgage distribution business from ANZ are warming up, with possible consequences for a planned sale of mortgage-backed.. read more

Disputes over the ability of ANZ to transfer home-loan servicing contracts to Columbus Capital do not appear to be an impediment to a planned sale of mortgage-backed bonds by Columbus. read more

Tasmania's MyState Financial is still on the hunt for takeover targets to further extend its reach. read more

Bank of Queensland will redeem its remaining preference shares, three months after overlooking an opportunity to do so. read more

The Australian Prudential Regulation Authority will consider the case for an independent board risk committee on financial institutions it supervises. read more

Australian Competition and Consumer Commission chief Rod Sims says the ACCC's new case against Visa "will be a significant court proceeding." read more

Industry body Abacus estimates credit unions, building societies and mutual banks recorded housing loan growth of 5.8 per cent over the year to December 2012 - a gain in market share for the sector. read more

Lending losses moderated and credit quality improved for Westpac over the December 20102 quarter, the bank says. read more