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ANZ will commission an expert review of the ANZ Custodial Services business and will have 14 months to finalise changes within the business recommended by this expert, the bank has agreed with ASIC. read more

A couple more previews of National Australia Bank's strategy briefing on Thursday deal with the bank's productivity agenda and the bank's priorities in Britain. read more

The Australian Bankers Association may find itself providing a service as a type of ombudsman for businesses with a gripe against their bank. read more

In a reminder of the trend toward a more conservative approach to credit mortgage providers are reducing discounts on interest rates, making redraws harder to get and restricting access to low documen.. read more

Arrears are continuing to escalate in pools of "low doc" home loans, two reviews published by credit ratings agencies yesterday confirms. read more

Impaired loans climbed by more than 40 per cent at Macquarie Bank over the December 2008 quarter, the bank's quarterly "pillar three" disclosures published on Friday show. read more

The new regime of quarterly reporting imposed on banks under the third pillar of the Basel 2 approach to bank regulation is producing a flow of additional disclosure from banks, especially the larger.. read more

Two banks, NAB and Bendigo, emerged as discounters in the automatic teller machine segment on the first day of the operation of the "convenience fee" regime in Australia yesterday. read more

The increasing risk profile of businesses may have as much to do with the effective rise in the cost of borrowed funds to business as do higher funding costs, ANZ chief executive Mike Smith told an au.. read more

Australia's government will support the purchase, by governments, of the "toxic assets" from banks, as the cornerstone of the resolution of the global financial crisis. read more