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Credit continues to take a backseat

(2 August 2010 – Australia) East & Partners’ June 2010 Australian Merchant Acquiring & Cards Market report has revealed that...

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BankWest lending practices cause headache

(11 August 2010 − Australia)The lending practices of the Commonwealth Bank’s subsidiary BankWest has resulted in the bank topping up...

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Visa reports a fall in profit

(30 July 2010−Global)Visa has reported a 2 percent drop in the card giant’s third-quarter profit, despite a 23 percent jump...

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Virgin to challenge cards market

(29 July 2010− Australia) Sir Richard Branson’s Virgin Money has made a bid to snatch a slice of Australia’s credit...

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ANZ makes top tier changes

(29 July 2010− Australia) ANZ’s wealth management team has gained a number of new senior managers, including John Van Der...

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RBNZ raises rates

(29 July 2010−New Zealand)Despite deteriorating economic prospects New Zealand’s central bank has raised interest rates for the second time in...

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Citi rectifies iPhone data issue

(29 July 2010−USA) Citigroup has said it has fixed a glitch that saw the bank’s mobile banking software for Apple’s...

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Westpac enjoys successful US raising

(28 July 2010−Australia) Westpac has raised US$3 billion (A$3.36 billion) in the US in its first debt-raising effort in the...

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Westpac to bolster online offering

(28 July 2010−Australia) Westpac has chosen a leading global provider of financial services technology solutions, Fiserv, to serve Westpac, St...

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ANZ battles for Korean bank

(27 July 2010−Asia) Australia and New Zealand Banking Group is reportedly planning to compete against MBK Partners for Lone Star...

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