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Borrowers need not pay a second premium to a new lender for mortgage insurance on their home loan if they switch funders, the Treasurer, Wayne Swan, proposed in the Government's banking policy packa.. read more

Websites operated by MasterCard, PayPal, Post Finance and Visa all experienced  degraded services for a time yesterday, and top domain names may still be receiving denial of service attacks as.. read more

Bank credit policies explain the slow-down in credit growth over the last year, Neil Summerson, chair of the Bank of Queensland, told the bank's annual meeting yesterday. read more

Commercial property continues to drag down the credit quality of bank profits. Bank of Queensland yesterday blamed this aspect of its lending for a projected doubling in bad debt expenses for the ha.. read more

The average cost of funding on the wholesale portion of ANZ's book will continue to rise for 18 months, the bank said, in its submission to the Senate banking inquiry. read more

Banks will rely less on their bank account numbers as the primary method of linking customers with those accounts, ANZ wrote, in its submission to the Senate banking inquiry. read more

With two weeks to go until the New Year shutdown, banks are steering the last of this year's business prospects through the routines of capital market funding. read more

One more small credit union merger is moving through the system. AWA Credit Union will take over Geelong and District Credit Cooperative, the fourth smallest of the sector. read more

Australia's chief inflation measure will exclude bank fees hidden in interest charges for several years, from September 2011, the Australian Bureau of Statistics said yesterday. read more

Higher up-front fees on home loans are preferable to other pricing approaches, which may confuse customers, the Consumer Action Law Centre wrote in its submission to the Senate banking inquiry. read more