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=14844 National Australia Bank is to relocate hundreds of support staff working alongside business bankers to seven sites in five mainland capital cities, but no job losses are planned. Banking Day 2013-05-22T07:03:04+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14843 Lenders that are serious about doing business in the equity release market should improve the terms of their reverse mortgages and consider introducing home reversion products, according to a University of NSW study. Banking Day 2013-05-22T07:02:32+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14842 Westpac chief information officer Clive Whincup has tweaked his team of direct reports to reflect changing priorities and to progress with the bank's A$2 billion Strategic Investment Priorities program. Banking Day 2013-05-22T07:01:58+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14837 David Craig, chief financial officer of Commonwealth Bank, told The Australian that it was unlikely to buy a bank in Indonesia because "they're not for sale" and "certainly not at the price that we're willing to pay for them".  Banking Day 2013-05-22T07:01:35+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14841 Consumer finance company the Thorn Group has reported solid growth in revenue for the year to March 2013 but little change in its net profit – a result of the company increasing its investment in new products, distribution and branding. Banking Day 2013-05-22T07:01:11+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14840 Standard & Poor's has changed the outlook for its A+ credit ratings for Kiwibank and state-owned parent NZ Post to negative from stable, saying there is a one in three chance of a rating cut in the next two years. Banking Day 2013-05-22T07:00:38+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14839 New businesses operating in or on the fringes of financial services appear to have been more resilient than the average business during the era of the GFC. Banking Day 2013-05-22T07:00:04+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14838 Finance industry software provider Rubik Financial has entered into a binding agreement to buy Macquarie Bank's Visor Desktop financial planning software. Banking Day 2013-05-22T06:59:25+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14835 Macquarie Group is to sell A$600 million in capital notes, the bank said yesterday. This is sufficient to retire the convertible preference shares that the new hybrids will replace. Banking Day 2013-05-21T06:49:54+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14836 Bendigo and Adelaide Bank's community bank franchise is under strain, as the bank tries to take a bigger share of income, according to a report in The Australian. Banking Day 2013-05-21T06:49:25+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14834 Mortgage manager State Custodians cut its standard variable rate mortgage rates by 25 basis points yesterday – the second time this month it has done so. Banking Day 2013-05-21T06:36:55+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14768 18 September 2013 at the Four Seasons Hotel, Sydney. Hear insights, ideas, discussion and debate from industry leaders. Banking Day 2013-05-21T06:36:13+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14833 The Consumer Action Law Centre has called on the insolvency regulator to impose stricter guidelines on advertising by debt agreement administrators, which, it says, is misleading. Banking Day 2013-05-21T06:35:24+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14832 China UnionPay has joined EMVCo, the body which manages the EMV chip card payment system; GE Capital is said to be looking for a buyer for its consumer credit insurance business. Banking Day 2013-05-21T06:32:56+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 2013-05-21T06:25:52+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14831 Store finance company Thorn Group has extended CEO John Hughes' contract by two years. Banking Day 2013-05-21T06:25:28+10:00 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=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_event_site_browse.php#ev364 May 28, 2013 to May 29, 2013 . Rendezvous Grand Hotel, Melbourne Banking Day - Banking and Finance Events http://www.bankingday.com/nl06_event_site_browse.php#ev365 June 5, 2013 to June 5, 2013 . The Sheraton on the Park, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/nl06_event_site_browse.php#ev359 June 11, 2013 to June 11, 2013 . The Sheraton on the Park, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/nl06_event_site_browse.php#ev363 June 17, 2013 to June 17, 2013 . Sydney Harbour Marriott Banking Day - Banking and Finance Events http://www.bankingday.com/nl06_event_site_browse.php#ev369 June 19, 2013 to June 19, 2013 . Amora Hotel Jamison, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/nl06_event_site_browse.php#ev361 August 4, 2013 to August 7, 2013 . Marriott Surfers Paradise Resort Banking Day - Banking and Finance Events http://www.bankingday.com/nl06_event_site_browse.php#ev367 August 27, 2013 to August 28, 2013 . Melbourne Convention Centre Banking Day - Banking and Finance Events http://www.bankingday.com/nl06_event_site_browse.php#ev368 September 18, 2013 to September 18, 2013 . Four Seasons Hotel, Sydney Banking Day - Banking and Finance Events