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ANZ says it has received approval to offer local currency products and services to customers in China.
Around one in four home borrowers are ready to switch lenders if institutions lift their interest rates independently of the RBA again.
Shares in QBE Insurance Group have risen after the insurance giant raised $450 million from institutional investors and sought to raise another $150 million fro..
QBE Insurance's annual profit has plunged 45 per cent after a raft of natural disasters and volatile investment markets hit the company's bottom line.
Reserve Bank governor Glenn Stevens said it is not for the central bank to persuade the retail banks not to make independent moves.
More insurance premium hikes are in store for Suncorp's policyholders after the company interim profit jumped 74% amid its worst year for natural disasters
