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Australian Finance Group is seeking to buy back up to 20 per cent of its capital in an offer that values the aggregator at around $41 million. read more

Business planning at Commonwealth Bank is predicated on the basis of a worse recession than the already downbeat, consensus forecasts suggest, while the bank expects essentially no growth in credit an.. read more

ING Funds Management may have to resume redemption of funds to investors in two managed funds after the Supreme Court of New South Wales declined to validate attempts to patch up the constitutions of.. read more

Tonto Home Loans will be able to pursue claims against three aggrieved borrowers without the aid, or irritant, of the Australian Securities and Investments Commission assisting the court to work out t.. read more

Bank of Queensland on Thursday attempted to sell a story of a 29 per cent increase in "normalised" profit for the half year to February 2009, yet one that still demanded a cut in the dividend of 26 pe.. read more

The restructuring costs at Bank of Queensland in its half year profit includes a charge of $7.2 million charge for network impairment in New South Wales and $4.5 million in fees to break leases on bra.. read more

Cartels do not earn their stripes without cartel behaviour. National Australia Bank yesterday said it would not reduce interest rates on home loans by the 25 basis point cut in the cash rate decided y.. read more

The compromise cut of 25 basis points in the cash rate yesterday, to 3.0 per cent, reeks of tension over the stance of monetary policy. read more

More than ten years ago, as Treasury worked out the detail of the decision to implement the goods and services tax in Australia, banks were left out of the GST net. read more

Westpac managing director Gail Kelly yesterday took her turn in the spotlight to prepare the case for banks to widen margins on loan products in the context of the likely reduction in the cash rate in.. read more