Daily Dispatches: Merrill puts Berndale up for sale

Berndale Securities, the biggest provider of clearing services to the stockbroking industry in Australia, has been put up for sale by its owner Merrill Lynch. (The Australian)

Australia's Big Four banks are now enjoying fatter net interest margins than they were before the global financial crisis, according to the Reserve Bank of Australia. (Sydney Morning Herald)

Mac goes back to cash. (The Age)

B&B goes off the ASX. (Sky News)

Australia's financial planning industry is showing signs of embracing a fee-for-service model, with close to 40 per cent of advisers' revenue in 2008 made up of fee arrangements, according to new research. (Investor Daily)