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The four major banks have cut around 3500 jobs in Australia over the first seven months of the calendar year, according to data compiled by the Finance Sector Union. read more

Commonwealth Bank has abandoned negotiations with the Finance Sector Union and will adjust pay rates for most staff by 3.5 per cent. read more

Standard Chartered is wrangling with the New York state financial regulator over a finding that it "schemed with the government of Iran and hid from regulators roughly 60,000 secret transactions, in.. read more

Outgoing RBNZ governor Alan Bollard made some sobering observations on the New Zealand economy and the implications for banks in one of his last speeches. Households and agribusiness will have to ada.. read more

The boom in solar panel installations is working for specialist financier FlexiGroup. More than half the loans in a A$250 million pool of loans securitised at the end of last week are for households.. read more

The Supreme Court of Victoria Court of Appeal has rejected a bid by NAB to require 20 class action plaintiffs to produce documents regarding how they made their investment decisions. read more

Commonwealth Bank's latest marketing campaign took an unusual turn yesterday with the bank (or one of its agents) briefly publishing on YouTube - and then hurriedly withdrawing - a television commer.. read more

Genworth Financial experienced a second quarter of elevated claims from lenders that arose from borrower defaults, and the specialist insurance company expects only a modest improvement over the rem.. read more

National Australia Bank continues to grow at above market share in the home loan market, reporting a rise of one per cent over the month of June and an increase in its book of 9.1 per cent over a ye.. read more

Australia no longer has enough skilled staff to operate ageing technology infrastructure, Cameron Clyne, chief executive of National Australia Bank, told an industry lunch yesterday. read more