- My ATM may try again for listing
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30 July 2010 7:00amFriday afternoon update: ASIC advise that there is an extended stop order in relation to the prospectus for My ATM Holdings rather than a final stop order, as recorded (erroneously) in the ASIC OFFERlist database for several days this week. » read more »
- National ATM networks needed for competition
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30 July 2010 6:58amThe competition regulator yesterday gave further endorsement to the threading together of automatic teller machine networks in order to support competitive forces in retail banking. » read more »
- Capital proposals remain fluid
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30 July 2010 6:56amFollowing fierce industry lobbying and sharp disagreements among its 27 member jurisdictions, the Basel Committee on Banking Supervision this week reached "broad agreement on the overall design" of the Basel III package of global prudential reforms. » read more »
- Lower fees may lift NAB profits in 2011
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29 July 2010 6:52amNational Australia Bank provided a couple of metrics on the benefit to its business from its repricing of common transaction accounts – mainly by eliminating nuisance penalty fees. The bank began its public relations push on the initiative this time last year and the new fees took affect around October 2009. » read more »
- Coffey says Basel Committee hasn’t got it right yet
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29 July 2010 6:51amThe Basel Committee on Banking Supervision has made good changes in its latest reform proposal but some of its rulings are still simplistic, unclear and heavy-handed, a senior banker said yesterday.
» read more »
- Central banks losing control of cost of credit
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29 July 2010 6:50amWhen Westpac priced a US$3 billion term funding issue this week its pricing was 40 basis points better than the price it paid for an issue only a few weeks earlier. But the issue cost 45 basis points more than a raising in September 2009 and it was 120 basis points higher than the cost of term funding in 2006. » read more »
- No relief in sight for smaller financial institutions
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29 July 2010 6:50amThe new banking regulatory environment will lock banks into sustainable balance sheet ratios that will mean 50 or 60 per cent of assets funding will have to come from retail deposits.
» read more »
- IRD focuses on hybrid cross-border deals
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29 July 2010 6:49amThe Inland Revenue Department has signalled it will scrutinise structured financing deals undertaken by financial institutions for themselves and for their clients. » read more »
- Core profit subdued at Wide Bay
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29 July 2010 6:49amWide Bay Australia yesterday published a handful of financial metrics, four weeks ahead of the release of its profit for the financial year. Net profit at the Bundaberg-based building society will increase 32 per cent to $22.4 million. Second half profit is thus roughly the same as the first half profit, but well up on the second half of 2009.
» read more »
- Van Der Wielen heads wealth at ANZ
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29 July 2010 6:48amJohn Van Der Wielen, the former head of insurer and wealth management business St Andrews, has been appointed managing director wealth at ANZ and will drive the growth of the now wholly owned ING Australia. » read more »
- Refresh for Westpac online
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29 July 2010 6:48amWestpac aims to overhaul and centralise its online banking services, using a new system that will cater to customer segment, including individual, business banking and corporate services. » read more »
