Teachers Mutual Bank (33 items)

Major banks outpaced on retail deposits

Research conducted by Mozo has identified sustained price leadership as the main driver of impressive deposit gains posted this year by a clutch of regional and customer-owned banks. The latest monthly banking statistics published by the Australian Prudential Regulation Authority show that non-major banks continued to win market share from the majors in retail deposits. read more

Mutuals rattled amid S&P ratings clutter

Around a dozen mutual banks or credit unions, including one ASX listed bank, find their debt securities ineligible for use in repurchase operations with the Reserve Bank of Australia as of yesterday, thanks to an S&P Global Ratings downgrade that yanked the credit ratings of this group one notch lower.Quick punditry by sell-side analysts on the debt side settled on the smaller, and mostly mutual ADIs as the sub-set of Australian banks whose cost of funds in institutional markets may be most affected by the ratings jolt. read more

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