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ANZ will centralise most mortgage processing operations in Melbourne and cut staff numbers in other capital city operations centres, The Age and The Australian reported. The newspapers reported that 2.. read more

MyState Financial and its partner Tasmanian Perpetual Trustees will sell the latter's half share in the Tasmanian Banking Services joint venture to Bendigo and Adelaide Bank for between $5 million and.. read more

David Liddy, managing director of Bank of Queensland, sold around 45 per cent of his shares in the bank on June 30 to repay a loan to RBS. The bank disclosed the share sale to the ASX yesterday. read more

KMPG yesterday collated some data on the financial performance of credit unions and building societies, a neglected topic even though the sector, like all ADIs, is now reporting some loan and credit q.. read more

Solvency strife is rife, or was rife, in the superannuation fund sector, APRA said in the June 2009 edition of Insight. read more

Self-managed funds grew in number and asset value over the year to June 2008, a testament to the determination of the do-it-yourself set. read more

Industry funds increased 14 per cent to an average of $198 billion in the year to June 2008, some somewhat dated data on the superannuation sector published by APRA in its Insight publication shows. read more

Commonwealth Bank may be making progress in its quest to improve customer views of service quality. read more

There are two phases to the credit shock, one getting on for two years old (sub-prime, Bear Stearns, BNP and the mess that followed) and then the Fannie, Freddie, AIG, Lehman collapse sequence that pu.. read more

CBA at 23 per cent over two years, NAB at 30 per cent and ANZ at 33 per cent are the cluster of major banks riding the wave of growth in business deposits generated by the credit crunch. read more