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A threatened cut in the level of interchange fees paid on credit card transactions, to an average of 30 basis points, won't be introduced for the time being, the Payments System Board said yesterday. read more

Bank of Western Australia's problem loans worsened over the June 2009 quarter, and by a greater degree than for any other bank whose quarterly "pillar 3" report this newsletter's revised so far. read more

Bad loans stabilised at Macquarie Bank over the June 2009 quarter, the bank's "pillar 3" disclosure published yesterday shows. read more

The Rock Building Society will look to its ordinary shareholders to raise capital to support its refreshed growth strategy. read more

ANZ reported only a mild increase in impaired and overdue loans in its quarterly "pillar 3" report for June 2009. read more

Impaired assets at National Australia Bank increased by a quarter over the June 2009 quarter, while the level of the better-secured delinquent loans increased only marginally over the same period. read more

National Australia Bank paid 20 times post-tax earnings for the mortgage distribution business of Challenger Mortgage Management.  read more

The earnings from the superficially profitable back book for the former Rams Home Loans Group declined quickly in the latest half year. read more

Australian Central Credit Union yesterday reported a further decline in profit in the latest half year, a result likely to be emblematic of results across the credit union sector this year. read more

Bank of Queensland has settled, for now, on a strategy of organic growth once again after the eight month strategic review failed to identify a buyer for the bank on terms the board would accept. read more