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The beginnings of a recovery in profit are under way for credit unions after a difficult financial year, quarterly data prepared by the Australian Prudential Regulation Authority shows. read more

Westpac is proving to be an important friend to the surviving firms that built their home loan business - either as funders or distributors - on the flow of money marshalled from the capital market in.. read more

The credit union that serves staff of Commonwealth Bank will fund the entry to the home loan market of Yellow Brick Road, the financial planning business headed by Mark Bouris (one of the founders of.. read more

Bank of Queensland will stick with its policy of paying out a lower proportion of profit as dividend, the bank's annual meeting in Brisbane heard yesterday. read more

National Australia Bank is looking at buying into Professional Investment Services, a financial planning firm in which Aviva holds a 23-per-cent stake, The Age reported. read more

The governor of the Reserve Bank of Australia, Glenn Stevens, appears to side with the domestic banks in their critique of aspects of the global debate over bank regulation. read more

ANZ will buy the lending and deposit books of AWB's Landmark business for what is notionally book value, but only after AWB wrote off $62 million in loan losses and other restructuring costs. read more

Westpac's update yesterday on the progress of its year-old merger with St George Bank and its business transformation included presentations by a number of the bank's executive team, but notably absen.. read more

An old favourite of the non-bank lender, the low doc loan, may return to the market with the decision of the Australian Office of Financial Management to invest in this type of loan. read more

The AOFM yesterday spelled out its approach to the planned investment of a further $8 billion of home loans and some business loans next year. This will be the third round of AOFM funding to prop up s.. read more