Dispatches: Aus banks in good shape, says new Nomura report

The nation's banks are confronting funding and liquidity issues. But they are well-placed to recover at least some of the extra cost, minimising the impact on profit margins. Investment bank Nomura Australia initiated coverage on the sector yesterday with a 180-page report that noted our banks had been rewarded with healthy multiples after emerging from the financial crisis in better shape than their peers. (The Australian)

AMP has sent a clear message that while it remains interested in acquiring AXA Asia Pacific, the transaction is not an imperative part of its strategy. (Money Management)

ANZ is still in the due diligence process on South Korea's Korea Exchange Bank, ANZ chief executive Mike Smith said on Tuesday. (Reuters)

Activist group GetUp! will target penalty fees in a new campaign aimed at recovering money consumers have lost to banks. (Sydney Morning Herald)