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=12830 One bank with few worries over conditions in the wholesale financial markets is Suncorp Bank. It has a deposit-to-loan ratio of 69.4 per cent – all its lending is matched by retail deposit flows and its requirement for term funding this year will be just A$2 billion. Banking Day 2012-02-23T06:57:21+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12828 Loan broker franchise operator Mortgage Choice has suffered a setback in its strategy of diversifying its business. A sharp increase in expenses related to new initiatives and marketing was not matched by increased revenue in the December 2011 half-year. Banking Day 2012-02-23T06:56:25+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12829 National Australia Bank increased its one lending "premium" for mid to large-sized businesses by 18 basis points, the Financial Review reported. Banking Day 2012-02-23T06:55:27+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12827 Weak retail conditions have caught up with point-of-sale finance company ThinkSmart, which has suffered a five per cent fall in Australian assets under management as a result of a 17 per cent reduction in originations. Banking Day 2012-02-23T06:54:41+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12826 Moody's Investors Service has placed the A2 long-term and P-1 short-term credit ratings of Clydesdale Bank under review for a downgrade. Banking Day 2012-02-23T06:53:47+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12825 Silver Chef increases its profits, while Rubik reports another loss and finance jobs fall 21 per cent. Banking Day 2012-02-23T06:51:39+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12824 Despite the high cost of their initial covered bond issues, bankers have declared the Government’s decision to change the Banking Act to allow for the issue of covered bonds a success. Banking Day 2012-02-22T07:00:03+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12823 It is "a fact" that bank funding costs have increased, and banks "have responded in a way that you would expect they would", says Glenn Stevens, the governor of the Reserve Bank of Australia. Banking Day 2012-02-22T06:56:45+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12822 The formation of a handful of clearing houses covering most derivatives trades may suit regulators and banks in Europe and the United States but may not suit all markets, the governor of the Reserve Bank of Australia, Glenn Stevens, said yesterday. Banking Day 2012-02-22T06:55:44+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12821 The registration backlog throttling the performance of the Personal Property Security Register will take a few more days to clear, according to the Attorney General’s Department. Banking Day 2012-02-22T06:54:23+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12820 Firstfolio agreed to pay A$18.2 million for Calibre Financial Services – about $5 million more than previously reported. Banking Day 2012-02-22T06:53:45+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12819 McMillan Shakespeare Group yesterday reported a 5.1 per cent increase in net profit from its vehicle and equipment finance division in the December half. Banking Day 2012-02-22T06:52:36+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12818 With a lacklustre, but well telegraphed, half-yearly profit to announce yesterday, Bendigo and Adelaide Bank's chief executive, Mike Hirst, used the regular briefing to reflect on some of the key debates in banking - and to explain why the bank lifted home-loan interest rates by more than any other lender in the market last week. Banking Day 2012-02-21T07:01:37+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12817 An impairment of A$95 million to the goodwill of the margin lending business of Bendigo and Adelaide Bank - a decision announced in December - severely dented the headline profit of the bank for the December 2011 half-year. Banking Day 2012-02-21T06:59:57+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12816 ANZ said it will sell A$1.5 billion in subordinated, 10-year debt following a bookbuild completed yesterday. Banking Day 2012-02-21T06:58:52+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12815 Banks are being asked by the Payments System Board to explain their investment plans in "retail operations" as part of a "dialogue" inspired payments' processing failures over the last year or two. Banking Day 2012-02-21T06:58:16+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12814 Australia’s consumer credit law needs to be expanded to regulate segments of the finance market not currently covered by the National Consumer Credit Protection Act, according to speakers on a panel reviewing the impact of recent consumer credit reform at ASIC's summer school. Banking Day 2012-02-21T06:56:56+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12813 The profitability of the major Australian banks may be marginally higher than that required to provide bank shareholders with a fair return on their investment in bank shares, analysis by the Australian Centre for Financial Studies suggests. Banking Day 2012-02-21T06:54:37+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12811 ANZ missed its target of funding all lending growth through deposit growth in the December 2011 quarter because of a strong pick up in institutional lending. Banking Day 2012-02-20T07:17:43+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12810 Heritage Bank reported modest profit growth against a background of negligible asset growth in the half-year to December 2011 - its net profit increased two per cent to A$14.7 million. Banking Day 2012-02-20T07:13:00+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12809 The unfavourable climate for refinancing loans is generating some extra profit for RHG Limited, the manager of the back-book of mortgages originated by Rams Home Loans. Banking Day 2012-02-20T07:12:12+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12812 US advertising behemoth Goodby Silverstein & Partners has been dethroned by M&C Saatchi Sydney for the $100 million Commonwealth Bank account following a three month review. Banking Day 2012-02-20T07:11:30+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12808 John Laker, chair of the Australian Prudential Regulation Authority, used a periodic appearance before a Senate committee to reprise some favourite themes on the strategic options facing bank boards and management. Banking Day 2012-02-20T07:10:37+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12807 One of the remnants of transport ticketing group ERG agreed to pay A$5 million to the New South Wales government late last week to settle a long-running claim over the failure of ERG to deliver a ticketing system that would cater to all forms of public transport in the state. Banking Day 2012-02-20T07:09:42+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12806 More businessess gloomy about their future revenue, CIMB negotiates with Royal Bank of Scotland, while Firstfolio's profit tanks. Banking Day 2012-02-20T07:08:55+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12804 The market is crowded with hybrid bank issues, following Westpac’s launch yesterday of an issue of convertible preference shares. Banking Day 2012-02-17T07:07:10+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12805 Westpac chief executive Gail Kelly has rejected the suggestion that the bank’s aggressive productivity program had "trimmed its revenue muscle". Banking Day 2012-02-17T07:06:30+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12799 Amid the profit announcements, job cuts and interest rate moves, the national debate over banking has this month grown more hysterical than usual. One example: the growing claims that the banks have decided they will no longer be bound by official interest rate policy. Banking Day 2012-02-17T07:03:02+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12803 After two and a half weeks of frustration and delay, the Insolvency and Trustee Service of Australia, which manages the new Personal Property Security Register, claims most problems have been resolved. Banking Day 2012-02-17T07:01:38+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=12802 Macquarie Bank Mortgage Solutions wrote to customers yesterday, letting them know that its variable mortgage rate would go up 10 basis points on February 20. Macquarie’s rate will rise to 7.4 per cent. Banking Day 2012-02-17T07:00:50+11:00