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=10225 An amusing facet of bank advertising at present is the contest between ANZ and National Australia Bank over which of them can justify bragging rights as being “first” or “number one” in business banking. Banking Day 2010-07-28T06:56:34+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=8815 The media noise and to some extent bank data on delinquencies and impairments may tell a different story, but one source of official data on business failure suggests that things are no worse in mid 2009 than at the beginning of the year, and that 2009 is not much more severe than 2008 or even 2007. Banking Day 2009-09-04T06:20:00+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7877 The week ending Thursday was a topsy-turvy one for the Australian market, with the ASX ultimately ending down 1.9 per cent. However, the big four banks on average rose 0.7 per cent. The notable loser was Commonwealth Bank, down 3.5 per cent which is unsurprising given both a positive profit warning and confirmation from its first half result gave CBA shares a significant boost over the last fortnight. ANZ was the big gainer at six per cent. Banking Day 2009-02-23T05:52:32+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7871 The most profitable bank in the world may be Westpac. Banking Day 2009-02-20T06:57:41+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7852 Veda Advantage said it recorded a fourth consecutive monthly decline in enquiries by lenders of its records in relation to consumer loans in Australia. Banking Day 2009-02-18T07:27:02+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7810 The first home owners grant and lower interest rates are combining to stimulate demand for new loans, and banks rather than other lenders continue to be the beneficiaries of this flow of new business. Banking Day 2009-02-12T06:41:42+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7758 There was a slight, though possibly seasonal, dip in the level of company insolvencies reported during the month of December 2008, according to the Australian Securities and Investments Commission. Banking Day 2009-02-03T06:51:35+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7678 The number of personal insolvencies fell for the second quarter in a row during the December 2008 quarter. Banking Day 2009-01-12T06:43:11+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7648 Banks target vulnerable credit card holders in debt and offer them limit increases before Christmas and when they have just made a big purchase according to a new report by the Department of Justice for Consumer Affairs Victoria. Card issuers lure customers by highlighting the minimum monthly repayments, usually five per cent of the outstanding balance. The research says a credit card debt of $2,000 at 18.5 per cent will take seven years to repay with total interest accruing of $820. A major source of credit card debt and debt stress are unsolicited credit card offers received in consumer's mail box from banks and other lenders. These offers, typically worth about $3,000, are often aimed at card holders who have not been able to repay their card debt in full. Banking Day 2009-01-06T06:42:17+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7650 SMH: Receivers ditch Allco execsAge: Clyne concedes question marks over NAB strategyAustralian: Term deposits expand 50 per cent in year to NovemberAustralian: UBS, Caliburn top 2008 M&A league tableAustralian: ING fund trapped by AMP yield fund freezeINZ: Orange Finance final failure of 2008INZ: Variable rate mortages in demandAustralian: Foreign bank assets rise despite 'exodus' Banking Day 2009-01-02T09:15:55+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7649 RBA: Investment lending fades out in NovemberSpectator: 180,000 sign to Myer Black and Myer VisaBoyd: BT, HFA duck scrutiny on funds freezeAge: Liquidator restarts Opes mediation talksSMH: Card contracts can’t be understood Banking Day 2008-12-31T12:33:00+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7647 US class action without foundation, says ANZAndrew Michelmore Q&AA reprieve for Oz MineralsOz Minerals gets bank lifeline as assets go on blockANZ faces US class action for OpesBanks pushing card debtNon-conforming arrears stable in September quarterANZ signing up car dealersBig trouble ahead for property trustsANZ Bank fined by US governmentWestpac/BT investment fund frozen Banking Day 2008-12-30T20:12:00+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7586 The Sheet today publishes updated terms of use by subscribers and readers. Banking Day 2008-12-09T06:45:49+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7292 The takeover of BankWest by Commonwealth may not result in striking gains in customer numbers for CBA, given the high level of overlap between the customer base of the two banks. Banking Day 2008-10-10T06:53:29+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=7028 Term deposit rates at many financial institutions have been cut in recent weeks as money market rates have fallen across the curve. Banking Day 2008-08-18T06:52:11+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6954 State of Play: the Australian mortgage industryIn the August 2008 edition:- banks are taking market share from non-banks; some-non banks are also doing well; securitisation as a funding option is not dead; the household debt burden looks excessive; first home buyers make up 62 per cent of those in housing stress.Contact Stephen Anderson at InfoChoice for a sub.Subs start from $2995, plus gst.steven.anderson@infochoice.com.auMob. 0400 328 067Ph.  02 9247 6788 Banking Day 2008-08-14T07:10:00+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6982 Contact Stephen Anderson at InfoChoice for a sub.Subs start from $2995, plus gst.steven.anderson@infochoice.com.auMob. 0400 328 067Ph.  02 9247 6788 Banking Day 2008-08-11T08:07:44+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6983 The mortgage industry may be showing tentative signs of improvement with Australia’s largest broker Australia Finance Group reporting sales in July 2008 were 17 per cent up on June. Banking Day 2008-08-08T06:46:38+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6977 Borrower desertion from the wholesale lending sector continues to gather pace, with June lending volumes ten per cent less than May, and only 40 per cent of the June 2007 volume, according to data on loans to owner-occupiers published by the Australian Bureau of Statistics yesterday. Banking Day 2008-08-07T06:51:59+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6974 InfoChoice, in conjunction with the banking industry newsletter The Sheet, now publishes independent measures of the home loan market through our publication State of Play. The second edition of this report publishes this week. Banking Day 2008-08-06T06:32:43+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6972 Consumer demand for credit flattened in the June 2008 half, according to the latest Veda Advantage consumer credit demand index. Consumers made 3.26 million applications for personal loans and credit cards in the six months to June, an increase of just 0.5 per cent over the June half last year. Banking Day 2008-08-06T06:30:46+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6970 After bank holiday Monday, many Sydney bank workers were greeted on their first day of the working week by the ING Direct marketing campaign, which scaled the lofty heights of tying balloons to the city’s stop lights and employing out of work backpackers to hand out paraphernalia advertising the current promotional eight per cent at-call deposit rate. Banking Day 2008-08-06T06:29:59+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6968 State of Play sheds some new light on the household debt burden in Australia, including some fresh ways of looking at the incidence of mortgage stress.The economic analysis in the report shows that 62 per cent of people who bought their first home in the past three years are experiencing mortgage stress, which is defined as having monthly repayments higher than 30 per cent of income. Banking Day 2008-08-05T06:42:07+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6966 Consumer groups arguing for regulatory change to make it easier for bank customers to move their accounts were given extra ammunition with the release of a survey yesterday showing that a majority of people think switching is too much of a hassle. Banking Day 2008-08-05T06:37:41+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6964 Surcharging may be becoming more common on credit card payments, data published by East & Partners suggests. Banking Day 2008-08-05T06:36:39+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6961 Suncorp expects a significant slowdown in lending in the group’s banking operations in the current financial year, chief executive John Mulcahy said on Friday. Banking Day 2008-08-04T06:34:26+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6957 APRA has ruled out covered bond issuance in Australia but this leaves Australia looking a little out of line against Europe, where covered bond issuance has been undertaken for centuries, and against the UK and US, which have both introduced legislation to allow issuance. Banking Day 2008-08-04T06:32:27+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6955 If NAB is feeling bruised and battered, Deutsche Bank must be feeling a whole lot worse. After announcing further write downs and impairment charges of €2.3 billion with its second quarter results on Thursday, S&P lowered its long-term credit rating a notch to ‘AA-‘ and left the outlook on negative. Banking Day 2008-08-04T06:30:32+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6941 The resources the banks have put into their business banking operations during the past few years are paying dividends in the form of higher business banking customer satisfaction levels. Banking Day 2008-07-30T06:45:20+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=6912 Almost a quarter of home loan borrowers have had difficulty meeting their mortgage repayments over the past year, according to a survey published yesterday. Banking Day 2008-07-23T06:44:51+10:00