ACCC scrutinises Premium Funding's market

The Australian Competition and Consumer Commission is seeking views on how to approach its evaluation of the proposed acquisition of Pacific Premium Funding by Macquarie Bank. GE Capital is the vendor.. read more

CBA reshapes profit

CBA's business banking division earned A$400 million more in profit than was previously reported, a revised financial template shows. read more

Low-cost NAB seeks further advantage

National Australia Bank may be working on measures to reduce its cost base. A taskforce is working to devise cost-cutting initiatives that could be unveiled in March. read more

Broking industry divided on CBA's Aussie buy

Senior figures in the mortgage broking industry hold divided views regarding the Commonwealth Bank's move to increase its holdings in Aussie Home Loans and how this will impact on competition. read more

Symond to stay at the head of Aussie

Commonwealth Bank has locked John Symond into his role as executive chairman of Aussie Home Loans for four more years, as part of the deal, announced yesterday, which sees CBA to increase its stake.. read more