Daily Dispatches: why our banks aren't doing too badly

Three of the country's big four banks will this week rule off on one of the toughest years in a generation, but they should still turn in cash profits of $11bn between them. In what will highlight the stark differences between the Australian banking industry and its global counterparts, Westpac, ANZ and National Australia Bank will propel the total earnings made by the majors in 2009 to more than $15.8bn. (The Age)

Macquarie Group has threatened to walk away from the controversial $345 million deal to hand over management of its Macquarie Airports satellite fund, saying it is no longer financially attractive. (The Australian)

A survey of former Storm Financial clients who obtained Macquarie Bank margin loans has exposed serious deficiencies in Macquarie's submission to a parliamentary inquiry. (The Age)

How bosses and battlers make do. (Sydney Morning Herald)