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=10241 Friday afternoon update: ASIC advise that there is an extended stop order in relation to the prospectus for My ATM Holdings rather than a final stop order, as recorded (erroneously) in the ASIC OFFERlist database for several days this week. Banking Day 2010-07-30T07:00:07+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10240 The competition regulator yesterday gave further endorsement to the threading together of automatic teller machine networks in order to support competitive forces in retail banking. Banking Day 2010-07-30T06:58:10+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10239 Following fierce industry lobbying and sharp disagreements among its 27 member jurisdictions, the Basel Committee on Banking Supervision this week reached "broad agreement on the overall design" of the Basel III package of global prudential reforms. Banking Day 2010-07-30T06:56:33+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10238 National Australia Bank provided a couple of metrics on the benefit to its business from its repricing of common transaction accounts – mainly by eliminating nuisance penalty fees. The bank began its public relations push on the initiative this time last year and the new fees took affect around October 2009. Banking Day 2010-07-29T06:52:07+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10237 The Basel Committee on Banking Supervision has made good changes in its latest reform proposal but some of its rulings are still simplistic, unclear and heavy-handed, a senior banker said yesterday. Banking Day 2010-07-29T06:51:33+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10236 When Westpac priced a US$3 billion term funding issue this week its pricing was 40 basis points better than the price it paid for an issue only a few weeks earlier. But the issue cost 45 basis points more than a raising in September 2009 and it was 120 basis points higher than the cost of term funding in 2006. Banking Day 2010-07-29T06:50:48+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10235 The new banking regulatory environment will lock banks into sustainable balance sheet ratios that will mean 50 or 60 per cent of assets funding will have to come from retail deposits. Banking Day 2010-07-29T06:50:06+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10234 The Inland Revenue Department has signalled it will scrutinise structured financing deals undertaken by financial institutions for themselves and for their clients. Banking Day 2010-07-29T06:49:38+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10233 Wide Bay Australia yesterday published a handful of financial metrics, four weeks ahead of the release of its profit for the financial year. Net profit at the Bundaberg-based building society will increase 32 per cent to $22.4 million. Second half profit is thus roughly the same as the first half profit, but well up on the second half of 2009. Banking Day 2010-07-29T06:49:09+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10232 John Van Der Wielen, the former head of insurer and wealth management business St Andrews, has been appointed managing director wealth at ANZ and will drive the growth of the now wholly owned ING Australia. Banking Day 2010-07-29T06:48:51+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10231 Westpac aims to overhaul and centralise its online banking services, using a new system that will cater to customer segment, including individual, business banking and corporate services. Banking Day 2010-07-29T06:48:31+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10230 An interesting postscript to Virgin Money’s launch of new products through its strategic alliance with Citibank this week relates to its mortgage operation. Banking Day 2010-07-29T06:46:06+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10229 Virgin Money Australia yesterday kicked off what chief executive Matt Baxby called phase one of its strategic alliance with Citibank, when it launched an online savings account and two credit cards. Banking Day 2010-07-28T07:01:25+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10228 The Basel Committee yesterday announced that new capital and liquidity rules for banks would be phased in so that banks could meet the standards through “reasonable earnings retention and capital raising”. Banking Day 2010-07-28T07:00:23+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10227 After raising $US3 billion on Monday Westpac had completed its 2010 funding task, the bank’s treasurer Curt Zuber told the Australian Financial Review yesterday. Banking Day 2010-07-28T06:58:00+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10226 Micro and small business are a little less satisfied with their main bank over recent months, research into customer satisfaction by DBM Consultants shows. Bigger business, by and large, are a little more satisfied than they were. Banking Day 2010-07-28T06:57:14+10:00 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=10224 Faced with the prospect of a significant shortfall for investors of Strategic Finance, Trustee Perpetual Trust has appointed liquidators for the failed finance company on the hope of using its wider powers to uncover past deals. Banking Day 2010-07-28T06:55:52+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10223 Dow Jones yesterday revived speculation that ANZ may yet make a bid for the 51 per cent stake in Korea Exchange Bank that Lone Star Funds, a private equity firm, has on the market. Banking Day 2010-07-27T07:00:32+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10222 The latest, but most likely not the last, of the many papers and proposals on reform of capital rules for banks emerged overnight. Among their proposals is one to “test” a “minimum tier one leverage ratio of three per cent”. Banking Day 2010-07-27T06:59:38+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10221 Proposed bank regulations from the Bank for International Settlements may soften the measure of “stable funding ratios” that banks are expected to target – or at least that local bank supervisors such as APRA are supposed to make banks target. Banking Day 2010-07-27T06:58:45+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10220 Australia Post’s managing director, Ahmed Fahour, yesterday provided partial clues on the publicly owned firm’s plans in financial services, and which centre, for now, on superannuation. Banking Day 2010-07-27T06:58:30+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10219 The Reserve Bank of New Zealand’s cash rate meeting on Thursday will be an interesting one with many expecting June’s 25-basis-point rate hike to be followed with another similar move. Banking Day 2010-07-27T06:52:30+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10218 While banking analysts continue to focus their attention on the funding risks faced by the big Australian banks, they are also turning their attention to a new problem – how the banks will handle a slowdown in business activity. Banking Day 2010-07-27T06:51:58+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10207 Seventeen of the franchised community bank branches operated by Bendigo and Adelaide Bank had spent all of the equity capital raised at inception, an analysis of the accounts of 77 of the branches shows. The Age reported on the study today. Banking Day 2010-07-26T06:52:34+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10208 Tier one capital across the banking industry in Australia could fall from a present ration of around 9.5 per cent to 8.5 per cent of risk-weighted assets if more stringent rules being canvassed by the Bank for International Settlements comes into force. The Australian reported the estimate in a review of the international debate over capital rules published on Saturday. Banking Day 2010-07-26T06:51:26+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10209 The only surprise to come out of the stress tests conducted on 91 European banks, coordinated by the Committee of European Banking Supervisors, is that the results were so benign. This has confirmed the worst fears of many analysts - that the tests were too soft. Banking Day 2010-07-26T06:50:27+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10210 As it was, seven banks failed the test: five Spanish cajas, one Greek bank and Germany’s Hypo Real Estate Bank. The latter has bonds on issue in the Australian market and is undergoing a substantial restructure. Banking Day 2010-07-26T06:50:01+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10211 The aggregate result of the tests was that the tier one capital ratio of the assessed banks would fall from 10.3 per cent at the end of 2009 to 9.2 per cent by the end of 2011. This was well above the six per cent hurdle set by CEBS and the four per cent regulatory minimum. Banking Day 2010-07-26T06:49:38+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=10212 Issuance activity in domestic markets was dominated by kangaroo and kauri issuers last week. Banking Day 2010-07-26T06:49:20+10:00 http://www.bankingday.com/event_site_browse.php#ev182 August 5, 2010 to August 6, 2010 . The Sebel Resort & Spa, Hawkesbury Valley Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev185 August 10, 2010 to August 10, 2010 . Park Hyatt, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev161 August 11, 2010 to August 11, 2010 . Hilton Hotel, Auckland Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev181 August 17, 2010 to August 17, 2010 . Marriott, Circular Quay, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev159 August 23, 2010 to August 24, 2010 . Sydney Harbour Marriott Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev186 September 7, 2010 to September 7, 2010 . Blake Dawson, Grosvenor Place, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev183 September 14, 2010 to September 14, 2010 . The Rialto, Melbourne Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev194 September 15, 2010 to September 15, 2010 . RACV Club, Melbourne Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev195 September 27, 2010 to September 29, 2010 . Quay Grand Hotel, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev184 September 30, 2010 to October 1, 2010 . Melbourne, venue tbc Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev162 October 20, 2010 to October 20, 2010 . Sofitel Sydney Wentworth Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev193 October 25, 2010 to October 27, 2010 . The Grace Hotel, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev168 October 27, 2010 to October 27, 2010 . The IVY Ballroom, 330 George Street, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev172 October 28, 2010 to October 29, 2010 . Melbourne, venue tbc Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev189 November 16, 2010 to November 18, 2010 . Sydney Harbour Marriott Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev190 November 23, 2010 to November 24, 2010 . Sydney Harbour Marriott Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev187 November 25, 2010 to November 25, 2010 . Clayton Utz, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev196 November 30, 2010 to December 1, 2010 . Sydney, venue tbc Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev188 December 8, 2010 to December 8, 2010 . CBD, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev163 December 15, 2010 to December 17, 2010 . The Shangri-La Hotel, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev191 March 28, 2011 to March 29, 2011 . Hilton Hotel, Sydney Banking Day - Banking and Finance Events http://www.bankingday.com/event_site_browse.php#ev192 March 29, 2011 to March 29, 2011 . Hilton Hotel, Sydney Banking Day - Banking and Finance Events