Comment: Australian banks' costs too high

It is not often Banking Day finds sell side analysts speaking out on the cornerstone dilemmas in the Australian industry, but UBS analyst Jonathon Mott has produced a caustic comment on the state of t.. read more

IMF renews concern for inclusion

Resolving unequal access to finance "is crucial to delivering on the 2025 objective," IMF managing director Christine Lagarde told the W-20 Summit in Ankara overnight. read more

OnCard meanders into dairy sector

OnCard, an ASX-listed but degraded challenger in the pre-paid cards market in China, has settled on a new direction - the manufacture and marketing of dairy products. read more

Finance profits in the red

Profits are in decline across the financial services sector, while company profits are weak throughout the economy, new data from the Australian Bureau of Statistics shows. read more

Staff targets softened at Westpac

Westpac has yielded on key controversies to reach a new enterprise agreement with staff in a deal the Finance Sector Union said "breaks the link between targets and annual salaries." read more

Slowdown retards Auswide profit

A special dividend from its captive mortgage insurance arm propped up the profit of Auswide Bank over the year to June 2015, a period in which economic stress in its core markets in North Queensland r.. read more