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CBA will live with tighter margins
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18 May 2012 7:05amCommonwealth Bank will wear the squeeze on its interest margins from more expensive term-funding the bank's chief executive told an investor briefing yesterday. » read more »
- Heritage pays up for retail bond
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18 May 2012 7:04amHeritage Bank will diversify its funding, at a price, with the mutual bank yesterday beginning to market a five-year bond. It aims to raise A$125 million, mainly from retail investors. » read more »
- Investment banking suits AMMB
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18 May 2012 7:01amANZ's Malaysian associate, AMMB, is counting on growth in its investment banking and funds management activities to drive profit and to offset a squeeze on margins. » read more »
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AMMB billed for advice it didn't provide
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18 May 2012 6:59amThe degree of expertise, or otherwise, in funds management of AMMB Holdings was recently the cause of an adverse finding by the Securities and Exchange Commission of the United States. » read more »
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Margin loan balances hit a new low
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18 May 2012 6:56amMargin loan balances hit an eight-year low in the March 2012 quarter. Reserve Bank figures published yesterday show a fall from A$15.1 billion in the December quarter to $14.9 billion in March. » read more »
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Contactless payments struggles with cardholders
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18 May 2012 6:56amConsumers are proving slow to respond to innovation in the payments market, according to new research. » read more »
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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.
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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 »
