Westpac has lost its legal battle with New Zealand's Inland Revenue Department (IRD) over tax avoidance, the department announced today.
The CEO of the Commonwealth Bank, Ralph Norris, has indicated that the banks will not make a grab for extra margin as official rates begin to rise, The Daily Telegraph reported today.
ANZ has appointed Meg Bonighton as the bank's new Head of Broker Distribution.
As the property investment sector shows signs of recovery, a new mortgage product targeted at investors has been launched by ANZ.
At a media lunch yesterday during which RAMS announced plans to double its franchise network and expand into new territories it also had a poke at its banking rivals
The total value of housing finance commitments fell by 3% in the month of April, according to figures released yesterday.