http://www.bankingday.com/index.php Banking Day en-au Copyright Banking Day 2010 hourly 1 1970-01-01T00:00+00:00 http://www.bankingday.com/RDF/manage_head1.gif http://www.bankingday.com/ Banking Day http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14822 Suncorp is examining ways to sell off its non-core bank, the Financial Review reported. Banking Day 2013-05-20T07:18:49+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14830 Keybridge Capital, an activist debt investor is to press on with its bid to take control of sub-prime lender PR Finance Group. Banking Day 2013-05-20T07:17:55+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14827 A new provider of retirement income products is using zero-coupon bonds sourced from banks and semi-government issuers to provide investors with long-term income streams. Banking Day 2013-05-20T07:16:13+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14828 NSW Treasurer Mike Baird has announced the launch of the first social benefit bonds, the Newpin SBB. The Newpin SBBs are being offered by Social Ventures Australia and could yield up to 15 per cent while helping to reunite children in care with their families. Banking Day 2013-05-20T07:15:04+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14829 Issuance activity in the debt capital market continued at a steady pace last week, sufficiently so that May has the second largest monthly issuance volume for the year to date. Banking Day 2013-05-20T07:13:42+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14826 The New Zealand Government has announced plans to form partnerships with non-governmental organisations and financial institutions to offer micro-finance to low-income families. Banking Day 2013-05-20T07:12:15+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14825 New Zealand Revenue Minister Peter Dunne has announced moves to minimise costs for New Zealand banks wanting to comply with the US Foreign Account Tax Compliance Act (FATCA) laws. Banking Day 2013-05-20T07:11:43+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14824 Commonwealth Bank chief executive Ian Narev emailed staff last week to tell them they would each be receiving as $250 gift in recognition of that fact that the bank had achieved the top rating in the Roy Morgan Research retail customer satisfaction survey. Banking Day 2013-05-20T07:11:12+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14820 The Reserve Bank of New Zealand has agreed a memorandum of understanding with Finance Minister Bill English that will give the bank the power to limit low equity mortgages as soon as July. Banking Day 2013-05-17T07:13:13+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14819 Standard and Poor's has cut the outlook for its ratings on eight small New Zealand banks to negative, saying the ratings were vulnerable to a one or two notch downgrade within the next two years if there was a housing market correction. Banking Day 2013-05-17T07:11:16+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14818 The Credit Ombudsman Service has asked the body drafting a new credit reporting code to include a rule that credit providers and credit reporting bureaus should not deal with the agent of a consumer that is charging a fee for the service. Banking Day 2013-05-17T07:10:42+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14733 Let your customers do the work and give them a home loan approval in just minutes with Sandstone. Banking Day 2013-05-17T07:10:19+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14817 Australia is one of the 15 "priority markets" for HSBC, says the UK-based banking group. Banking Day 2013-05-17T07:09:59+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14816 Buoyant conditions in the residential mortgage-backed securities market have flowed into the asset-backed securities market. Two ABS issues this week, from Macquarie Group and Bank of Queensland, have been upsized. Banking Day 2013-05-17T07:09:06+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14815 Pricing may have gone up a touch in the asset-backed securities market, if Macquarie Group's latest Smart Trust issue is any guide. Banking Day 2013-05-17T07:08:15+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14814 Margin loan balances rose for the first time in six years in the March quarter, although not as much as lenders would have hoped, given the strong conditions in the equity market this year. Banking Day 2013-05-17T07:07:15+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14813 Just three months after launching its entry-level online investment platform, MyWealth, Commonwealth Bank has upgraded the service to incorporate residential property investment. Banking Day 2013-05-17T07:06:41+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14812 Young home-buyers are more likely to use a mortgage broker to find a home loan than older buyers. Banking Day 2013-05-17T07:06:09+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14821 Consumers would prefer a discount when they shop or some other form of instant reward to reward points, according to new research. Banking Day 2013-05-17T07:04:35+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14811 Former ANZ CFO, Peter Marriott, has joined the Westpac board; new CEO for Data Action; NAB appoints new South Australian head of business banking. Banking Day 2013-05-17T07:02:29+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14810 Treasury had not raised any concerns about loopholes in the offshore banking unit regime in discussions it has held with the finance industry over the three years prior to its announcement in Tuesday's Budget. Banking Day 2013-05-16T06:59:24+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14809 The Australian Office of Financial Management says it expects to issue around A$50 billion in treasury bonds during the 2014 financial year. Banking Day 2013-05-16T06:58:34+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14808 Commonwealth Bank reported an unaudited net profit of A$1.9 billion for the March quarter (cash profit was the same), compared with a profit of $1.75 billion for the same quarter last year. Banking Day 2013-05-16T06:57:50+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14807 Improvement in mobile technology is the top investment priority for financial services organisations, research released by Telstra suggests. Banking Day 2013-05-16T06:56:58+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14806 Business conditions for US payment processor Wright Express are softening after a period of growth. CEO Mike Dubyak told an investor conference that the Australian market had been quite strong but was now "softening a little bit". Banking Day 2013-05-16T06:56:18+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14805 ASIC cancels Money Choice's licence and bans director; Westpac is chasing more superannuation inflow by putting planners into branches; and ANZ may sell its trustee business. Banking Day 2013-05-16T06:55:51+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14804 Westpac brings new talent on board in Asia; MasterCard's Australasian prepaid manager takes on bigger Singapore-based role. Banking Day 2013-05-16T06:50:38+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14802 The Government is to amend the existing offshore banking unit regime to make dealings with related parties, including the transfer of transactions between an OBU and a related domestic bank, ineligible for OBU treatment. Banking Day 2013-05-15T07:08:33+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14798 The Australian government expects the face value of treasury bonds on issue to rise to around A$260 billion at June 2014, up from $233 billion at June 2013, Treasury projected in last night's budget papers. Banking Day 2013-05-15T07:02:44+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14801 The Use of contactless payments is on the rise. They now account for 50 per cent of all MasterCard and Visa card payments at Coles. Banking Day 2013-05-15T07:02:06+10:00