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Industry lobby Abacus group released quarterly data yesterday that aims to extend the corresponding series from APRA (which was also published yesterday) on the small deposit-taking sector. read more

Glenn Stevens, governor of the Reserve Bank of Australia, told a parliamentary committee on Friday that he was personally "not averse" to a charge for the deposit guarantee. He touched on the issue.. read more

FSA Group, a servicer of debt agreements, paid a higher dividend from a lower profit in the year to June 2012. read more

The March 2012 quarter may have been a dourer period for the banking industry in Australia than was previously realised. APRA data shows industry profits were lower than in all but two quarters since.. read more

Contactless payments are gathering pace as a payments option, at least in the niche merchant segment that is the taxi industry. Cabcharge yesterday provided an overview of the use of contactless bank.. read more

Issuers of covered bonds and mortgage-backed securities are being asked to pay the costs of a new analytical service that aims to tackle the scepticism towards this asset class among offshore invest.. read more

Another start-up is having a shot at establishing peer-to-peer lending in Australia. read more

Wide Bay Australia is looking to lift the sales efforts of its branch network, as new levels of lending only kept pace with asset run-off over the last half. read more

The spread of problem residential borrowers is becoming more concentrated in Queensland and New South Wales, while the incidence of stressed borrowers in "hot spots" is getting a little worse. read more

Banks are cutting jobs with such gusto that a majority of their staff say they want to work elsewhere. Being pragmatists, they want to work for miners. read more