Banks have turned corner: ANZ chief

ANZ has posted an 11 per cent drop in annual profit, but declared the nation's banking system might have turned a corner, with bad debts that have been sapping earnings over the past year finally peaking.

Business: home to bad debts

THE NAB profit result shows that the Australian banks are now operating in a bipolar market. Against all expectations, the global crisis has not spread into a serious rise in defaults on household credit, including home loans, credit cards and personal loans.

No deterioration in credit quality, says NAB, but bad debts could still sting

The NAB profit result shows that the Australian banks are now operating in a bipolar market. Against all expectations, the global crisis has not spread into a serious rise in defaults on household credit, including home loans, credit cards and personal loans.

NAB results leaked in Britain

KEY figures for National Australia Bank's accounts were leaked to the British media days before the release of its annual profit results today.

CBA raises hackles in rejecting ASIC finding

The bank misses the point in its pugnacious response to criticism. COMMONWEALTH Bank's aggressive defence of the events surrounding last year's $2 billion capital raising was clearly aimed at any investors looking to take the issue further.

CBA under fire over $2b share blunder

FUND managers have hit out at Commonwealth Bank of Australia's refusal to accept responsibility for last year's botched multibillion-dollar capital raising, even after the securities regulator accused the bank of sloppy disclosure over a $600 million blowout in bad debts.