ATM fees convert Customers cash

Automatic teller machine operator Customers Limited said use of its independently-owned ATMs was "returning to around 90 per cent" of the level prior to the 3 March 2009 shift to direct charging for A.. read more

SA credit unions merge

Two credit unions in South Australia, Australian Central and Savings & Loans, plan to merge by the end of the year, creating an entity with $7 billion in assets. The merged mutual will be the seco.. read more

Lending losses rise fastest in business

More than half of Commonwealth Bank's crook loans in the construction and property sectors were originated by Bank of Western Australia, CBA's quarterly "pillar 3" disclosure document, also published.. read more

CBA seeks $700m from latest hybrid

Commonwealth Bank will sell $700 million in hybrid securities, CBA said yesterday. The securities will be "non-innovative" and count as tier one capital. read more

Aussie valued at $213m

Commonwealth Bank yesterday disclosed that it paid $71 million to buy a one-third stake in Aussie Home Loans late last year. read more

Pillar 3 disclosure delayed

One curiosity yesterday was Commonwealth Bank's delayed publication of the "pillar 3" report on capital adequacy and risk disclosures. read more

Half-hearted tax provision taken by BNZ

Bank of New Zealand (and thus its owner, NAB) will finally take a provision in its accounts for a tax liability first incurred (but contested by the bank) more than four years ago. read more