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The wall of hot money building up in finance companies in New Zealand, and the likelihood of a flight of funds to Australian-owned banks, helped inform the decision to extend the guarantee of deposits.. read more

Key stakeholders from the newsletter The Intelligent Investor will attempt to join the board of RHG, the former Rams Home Loans that has its mortgage book in run off. read more

The Mortgage Finance Association of Australia said it dropped 1500 brokers from its membership because the brokers failed to update qualifications in line with association policy. read more

Commonwealth Bank will sell more than twice as much in hybrid securities under its PERLS V offer than first suggested, raising at least $1.5 billion. read more

Talk of excess capital among banks in Australia, and methods of returning this notional excess, such as share buybacks, sits uneasily with the continuing tenor of the worldwide debate over banks and c.. read more

National Australia Bank continues to invest in local portfolios of banking businesses in the United States. NAB's subsidiary Great Western Bank announced on Friday that it will buy 32 branches in Nebr.. read more

Police & Nurses Credit Society reported a 50 per cent decline in profit to $9.7 million in the year to June 2009. read more

What messages might the ACCC be sending in the early stages of its inquiries into the proposed takeover by National Australia Bank of the mortgage management business of Challenger? read more

The media noise and to some extent bank data on delinquencies and impairments may tell a different story, but one source of official data on business failure suggests that things are no worse in mid 2.. read more

A consultation paper on responsible lending published yesterday by the Australian Securities and Investments Commission won't lead to much rewriting of lending manuals. read more