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Australian Unity pursues mutual consolidation model
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17 May 2012 7:08amAustralian Unity chief executive David Bryant is on the lookout for merger opportunities and believes he has a good model for consolidating mutuals. » read more »
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Westpac pays 140 bps over swap rate on RMBS
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17 May 2012 7:08amWestpac will pay 140 basis points over the one-month bank bill swap rate on the A$1.06 billion top tranche of its latest issue of residential mortgage-backed securities. » read more »
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Underlying questions over banks' cash profits
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17 May 2012 7:01amThe major banks failed to meet their obligations for reporting non-statutory earnings figures in the half-year results presentations they have issued over the past few weeks. » read more »
- Briefs: ANZ seeks Thai licence, Indonesian profits, business lending bounces and Credit Corp on track
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17 May 2012 7:01amANZ is seeking a Thai banking licence, while the ABS reports that business lending is bouncing back, and Credit Corp is on track for a good profit result.
» read more »
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Industry stuck with cheques
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16 May 2012 6:48amFees will rise for the dwindling band of cheque users, the Australian Payments Clearing Association noted yesterday in releasing a report on dispensing with this form of payment. » read more »
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ANZ doubles up in China
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16 May 2012 6:47amANZ has announced "plans" to invest a further two billion renminbi in its wholly owned subsidiary in China. » read more »
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Asset quality weakens at Suncorp
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16 May 2012 6:47amSuncorp Bank suffered a deterioration in the asset quality of its core bank during the March quarter. » read more »
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Cash rate cut hard for a reason
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16 May 2012 6:46amThis month's 50 basis point cut to the Reserve Bank's cash rate was made with a view to dragging borrowing rates lower, and reversing the trend of rising lending rates, the RBA made clear yesterday. » read more »
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No rate cuts for farmers
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16 May 2012 6:45amRate cuts announced by banks over the past couple of weeks do not extend to their agribusiness products. » read more »
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Advertisement: Tonkin’s Credit Law Compliance Summit
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16 May 2012 6:44amTonkin’s Credit Law Compliance Summit returns for the third time in 2012!
Lenders from all corners of the Financial Services industry won’t want to miss Tonkin’s 3rd Credit Law Compliance Summit - the interactive forum where regulators, practitioners and lawyers alike will discuss changes and updates to credit legislation. » read more »
