http://www.bankingday.com/index.php Banking Day - on topic | on time 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 - on topic | on time http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9578 Pepper Homeloans may be on the market, with two bidders in the wings, the Sydney Morning Herald reported in its CBD column. Banking Day 2010-03-10T06:37:36+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9577 National Australia Bank is looking at selling between $2 billion and $3 billion of new shares to fund its two mooted takeovers, the Financial Review reported. Banking Day 2010-03-10T06:37:20+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9576 Some new rhetoric has turned up in the latest investor discussion pack published by Westpac Banking Corp that could be interpreted as an admission that the bank paid took much to take over St George in 2008. Banking Day 2010-03-10T06:37:04+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9575 Melbourne based web developer, Michael Dimoudis, from webpanache.com.au has got the jump on Australia’s banks with the a payment gateway for the iPhone, iCCPay. Banking Day 2010-03-09T06:48:57+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9572 South Canterbury Finance’s impairment provision may increase further as the company’s auditors are still reviewing those figures a week after the firm published preliminary financial statements. Banking Day 2010-03-09T06:48:42+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9574 Commonwealth Bank will reduce the maximum loan to valuation ratio to 80 per cent from 90 per cent on a range of investment home loans. Banking Day 2010-03-09T06:48:24+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9573 One measure of the affordability of housing shows a deterioration in this measure over 2009, though only a little greater than has applied since about 2002. Banking Day 2010-03-09T06:48:01+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9571 Macquarie Bank did publicise through the Australian Securities Exchange the revised rating on three series of hybrid securities adopted last week by Moody’s Investors Service (but not publicised by Moody’s). Banking Day 2010-03-09T06:47:37+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9570 National Australia Bank suspended negotiations over its offer for financial planning dealer group Professional Investment Services, The Age reported. The bank first made the offer for the firm in December 2009. Banking Day 2010-03-08T07:07:00+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9569 A few financial parameters have emerged on the portfolio of branches and customer relationships being sold in Britain by Royal Bank of Scotland. Banking Day 2010-03-08T07:06:48+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9568 Securency may have identified a rare customer in a major market for its plastic bank notes. Canada’s government has decided to reissue $10 and $20 notes in plastic rather than paper next year. Banking Day 2010-03-08T07:06:20+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9567 Last week produced plenty of activity in the debt capital market, with A$6.7 billion of bonds issued, and nearing the record set in December 2008 (when A$7.1 billion in bonds were sold). Banking Day 2010-03-08T07:06:03+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9566 The remainder of the issuance last week came from Kangaroo issuers, with the supranationals continuing to issue in volume: but the stand-out issuers were JP Morgan Chase and HSBC Bank Plc – the first Kangaroo issuers from outside of the supranational and agency sector, this year. Banking Day 2010-03-08T07:04:46+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9565 Another highlight last week was the fourth mortgage-backed securities issue for the year; this time from ME Bank via SMHL Securitisation Fund 2010-1. Banking Day 2010-03-08T07:02:58+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9564 International bond issuance by Australian borrowers so far in 2010 is well down on the volumes seen at the same time last year. To the end of February 2010, issuance totals the equivalent of just A$22.6 billion compared with A$35.2 billion at the end of February 2009. Banking Day 2010-03-08T07:02:43+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9563 ANZ did its bit to keep the basis swap wide by issuing €1.25 billion of seven-year bonds last week. The bonds were priced at 87 basis points over mid-swaps, which appears reasonable against the Comonwealth Bank’s ten-year euro issue two weeks earlier, priced at 98 bps over. Banking Day 2010-03-08T07:02:26+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9562 Moody’s Investor’s Service announced last Wednesday that it had concluded its review of Australian and New Zealand bank hybrid security ratings but the firm’s media release made no mention of the rating actions taken, other than to refer interested readers to its website. Banking Day 2010-03-08T07:02:10+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9561 With asset quality continuing to deteriorate and the announcement of a capital injection that was deemed inadequate to maintain the credit rating, S&P lowered the long-term rating assigned to South Canterbury Finance to ‘BB’ from ‘BB+’ and left the rating on CreditWatch Negative. Moreover, S&P noted the now diminished prospects for further shareholder support but acknowledged that without what has been forthcoming, the rating would have been lowered by more than one notch. Banking Day 2010-03-08T07:01:54+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9560 The New Zealand government cut provision for guarantees under the deposit guarantee scheme even as recent data and the news flow suggests their performance has only worsened. Banking Day 2010-03-08T07:01:37+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9559 Both Standard & Poor’s and Moody’s released their fourth quarter 2009 reviews of the Australian asset-backed securities market last week.  The Australian ABS sector has revived, with rebounding issuance numbers in the last quarter of 2009, while loss and delinquency rates stabilised as Australian macro-economic conditions improved, said Moody’s. Banking Day 2010-03-08T07:00:34+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9558 Macquarie Bank looks likely to boost its retail liabilities by more than $9 billion, assuming investors in the Macquarie Cash Management Trust agree to convert their savings to a regular bank deposit. Banking Day 2010-03-05T06:48:58+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9557 After a two-year wait, ANZ yesterday said it received in-principle approval for a foreign bank licence in India from local regulators. Banking Day 2010-03-05T06:48:35+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9556 Australian Securities and Investments Commission representatives had to reassure lenders, aggregators and brokers at yesterday’s credit roadshow that ASIC’s takeover of consumer credit regulation would not involve any forced structural change to the consumer finance industry. Banking Day 2010-03-05T06:44:23+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9555 The Reserve Bank of Australia reforms of fees on automatic teller machines have been a failure, according to a leading consumer financial comparison website. Banking Day 2010-03-05T06:43:53+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9554 Former Reserve Bank of NZ governor Don Brash took the direct reins of Huljich Wealth Management after the firm was pulled up for failing to disclose that its performance was boosted by compensating payments made by its chief investment officer. Banking Day 2010-03-05T06:43:28+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9553 Following a five-month search, Commonwealth Bank has appointed its first Social Marketing Manager, to lead a fresh approach into social media strategy. Banking Day 2010-03-05T06:43:06+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9552 Colonial First State will scale back its participation in the mortgage market after electing to deal with liquidity problems in its mortgage funds by getting out of the business of managing standalone mortgage portfolios. Banking Day 2010-03-04T07:02:03+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9550 An analysis of profit results for the December 2009 quarter published by banks in New Zealand highlights the dilemmas in bank managements. Banking Day 2010-03-04T07:01:42+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9551 Westpac in New Zealand has resolved most of the issues uncovered on non-compliance with the regulator’s outsourcing policy but is still working to add technical and legal controls in relation to one product. Banking Day 2010-03-04T07:01:19+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=9549 Westpac mailed as many as 42,000 statements to the wrong customers in recent days, the Sydney Morning Herald reported. The bank’s mail house, Salmat, is getting the blame for the error. Banking Day 2010-03-04T07:00:28+11:00 http://www.bankingday.com/event_site_browse.php#ev141 March 15, 2010 to March 18, 2010 . The Westin, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev152 March 17, 2010 to March 17, 2010 . Te Papa, Wellington Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev153 March 21, 2010 to March 21, 2010 . The Four Seasons Hotel, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev151 April 22, 2010 to April 22, 2010 . Grace Hotel, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev147 April 29, 2010 to April 29, 2010 . Sydney, venue tbc Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev156 May 18, 2010 to May 19, 2010 . Rydges World Square, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev154 May 20, 2010 to May 21, 2010 . Millennium Hotel, Queenstown Banking Day - Banking and Finance Events