The National Audit Office (NAO) has revealed that a sale by the government in September of a substantial slice of taxpayer-owned Lloyds Banking Group did not make a net profit as the government had earlier claimed and actually cost the taxpayer £230m.
Interest rates may still be cut again next year as the local currency remains "uncomfortably high" said Australia's central bank, holding back a shift away from mining-dependent growth as a long resources boom is slow.
British banking giant HSBC have said China's manufacturing activity expanded at its slowest rate in three months in December.
The bank's preliminary purchasing managers' index (PMI) for the world's second-largest economy came in at 50.5 for the month, diminished from a final reading of 50.8 in November and the lowest since September.
On Friday, The Bank of Russia said it has revoked the licences of three more lenders, in a continued bid to its recent cleanup of the banking system. The three banks have combined assets of about 138 billion rubles ($4.2 billion).
Westpac expects a modest growth in lending throughout this financial year, as businesses consider investing again.
With Westpac shares falling 0.26 per cent to $30.74 just after noon. Shareholder reaction was subdued.
A fine of £28m was imposed on Lloyds Banking Group for "serious failings" which rewarded sales staff with 'grand in your hand' bonuses, even at times products they sold to consumers were believed to be unsuitable.
The Financial Conduct Authority (FCA) said the penalty was the biggest which has ever been imposed against a retail banking operation.
ANZ is completely embarrassed over a significant security break, after it coincidentally sent bank proclamations for clients' records, holding a huge number of dollars to a two-year old kid.
The bank security breach witnessed Whangarei little child Joel Morrison receive a heap of other individuals' record articulations, all of which held extensively more than his own reserve funds account of about $200.
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