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=13203 Commonwealth Bank will wear the squeeze on its interest margins from more expensive term-funding the bank's chief executive told an investor briefing yesterday. Banking Day 2012-05-18T07:05:07+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13202 Heritage 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. Banking Day 2012-05-18T07:04:16+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13201 ANZ'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. Banking Day 2012-05-18T07:01:50+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13200 The 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. Banking Day 2012-05-18T06:59:51+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13199 Margin 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. Banking Day 2012-05-18T06:56:43+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13198 Consumers are proving slow to respond to innovation in the payments market, according to new research. Banking Day 2012-05-18T06:56:13+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13196 Australian Unity chief executive David Bryant is on the lookout for merger opportunities and believes he has a good model for consolidating mutuals. Banking Day 2012-05-17T07:08:40+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13197 Westpac 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. Banking Day 2012-05-17T07:08:11+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13195 The 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. Banking Day 2012-05-17T07:01:51+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13194 ANZ 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. Banking Day 2012-05-17T07:01:01+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13193 Fees 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. Banking Day 2012-05-16T06:48:55+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13192 ANZ has announced "plans" to invest a further two billion renminbi in its wholly owned subsidiary in China. Banking Day 2012-05-16T06:47:59+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13191 Suncorp Bank suffered a deterioration in the asset quality of its core bank during the March quarter. Banking Day 2012-05-16T06:47:18+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13186   Banking Day 2012-05-16T06:46:36+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13190 This 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. Banking Day 2012-05-16T06:46:13+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13189 Rate cuts announced by banks over the past couple of weeks do not extend to their agribusiness products. Banking Day 2012-05-16T06:45:34+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13038 Tonkin’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. Banking Day 2012-05-16T06:44:30+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13188 The limits of how far chargeback rules can be extended are to be tested in a complaint lodged with the Financial Ombudsman Service over a disputed student loan. Banking Day 2012-05-16T06:43:51+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13187 Directors of a Melbourne importer have put their company into administration after what they claim was a loan fraud left their company critically short of working capital. Banking Day 2012-05-16T06:43:00+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13184 National Australia Bank is marketing a retail subordinated debt issue that will improve its total capital ratio. Banking Day 2012-05-15T07:09:09+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13183 Westpac surprised credit markets yesterday by announcing a minimum A$750 million prime mortgage-backed bond that will be sold via the Series 2012-1 WST Trust. Banking Day 2012-05-15T07:08:41+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13182 New Firstfolio chairman Eric Dodd hasn’t wasted any time putting his stamp on the mortgage company. Just last week he signalled a change in direction for the business by asking for the resignation of chief executive Mark Forsyth. Banking Day 2012-05-15T07:08:18+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13181 ABS housing finance figures published yesterday show there has been solid growth in the number of dwelling commitments, but a significant reduction in the size of the average loan. Banking Day 2012-05-15T07:07:56+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13180 Rebates paid by operators of automatic teller machines are on the rebound, suggesting that consolidation in the sector is serving to intensify competition for sites among ATM operators. Banking Day 2012-05-15T07:07:17+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13179 ANZ has increased the purchase rate on all its consumer credit cards by 15 basis points. Banking Day 2012-05-15T07:05:15+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13185 .. Banking Day 2012-05-15T06:54:22+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13178 APRA has beaten the drum again on the need for banks to lift their percentage of long-term funding, saying they must show they have made every effort to do so before they will be given access to the liquidity facility the RBA will make available from the beginning of 2015. Banking Day 2012-05-14T06:54:59+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13177 The plaintiffs in the class action against ANZ over the alleged over-charging of penalty fees are to have their appeal against an adverse ruling in the Federal Court heard by the High Court. Banking Day 2012-05-14T06:53:20+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13176 The average reduction in standard variable mortgage rates is 35 basis points, says the comparison website RateCity.com.au. Banking Day 2012-05-14T06:52:44+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13175 A group of mortgage brokers that require their loan writers to be members of the MFAA are to be allowed to continue with this arrangement. Banking Day 2012-05-14T06:51:14+10:00