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CIT, the US financier with an Australian finance company subsidiary has conceded that its primary US business won't qualify for any financial aid from the US government, and unless bond holders agree.. read more

The profit measures at Bendigo and Adelaide Bank may turn out to be pretty scrappy, in light of the bank's appeal to staff to agree to take 10 days unpaid leave over the next 12 months. read more

Commonwealth Bank yesterday said it will introduce a discount of 1.5 per cent on the purchase of new shares in the bank under the dividend reinvestment program that applies to the final dividend. The.. read more

ANZ's subsidiary in Indonesia is growing at a rapid rate. Some public relations for a new branch opening in Semarang, and reported by Bisnis Indonesia, show that ANZ's assets multiplied threefold over.. read more

Credit providers may need additional insurance to meet draft guidelines published yesterday by the Australian Securities and Investment Commission. read more

Suncorp Metway and Greater Building Society will be the next two recipients of investment by the Australian Office of Financial Management in pools of mortgage-backed securities the AOFM said yesterda.. read more

There may be hints of interest in a wider, regulatory reform agenda in the sphere of financial services in a speech delivered yesterday in Sydney by Australia's finance minister, Lindsay Tanner. read more

The new strategy chief at ANZ will report to the bank's chief executive for Asia Pacific, the bank said in a media release on Friday, reinforcing one theme about the bank's strategic direction. read more

ANZ confirmed the ready availability of capital for the largest companies, and especially banks, with the sale of $2.2 billion in new shares to 40 per cent of the bank's investor base. read more

Great Western Bank acquired a much larger book of deposits and loans from its purchase of a branch network in the US state of Colorado than originally foreshadowed. Great Western is the US banking sub.. read more