Latest news and insights on banking and finance in Australia and New Zealand, as delivered in the daily 7am Banking Day email news service (subscribe or take out a free trial).
-
ANZ linked to Ningbo
-
29 June 2005 12:00amThe Financial Review includes ANZ Bank among a list of several foreign banks reported to be "in talks with officials from China's Ningbo Commercial Bank about taking a stake in the mid-sized commercial lender based in Ningbo, a major port city south of Shanghai." » read more »
-
US bank regulators seek changes to Basel II
-
28 June 2005 12:00amBanking regulators in the United States continue to voice dissatisfaction the with "Basel II" capital accord, in what sounds like a push to revise or delay implementation of the framework. » read more »
-
MCAG and Macquarie Bank focus on BBC broadcast
-
28 June 2005 12:00amMacquarie Bank will invest £40 million for a 35 per cent stake in Creative Broadcast Services Limited, a company formed with its listed funds offshoot Macquarie Capital Alliance Group to acquire 100 per cent of BBC Broadcast for £166 million. MCAG will pay $75 million a 65 per cent stake, with the balance of the acquisition funded through a loan provided by BNP Paribas, » read more »
-
NZ banks paid company tax early
-
28 June 2005 12:00amNew Zealand's Treasury yesterday provided slightly more information on the unexpected increase in company tax receipts. » read more »
-
ATM fee debate drags on
-
28 June 2005 12:00amThe Financial Review reports that Credit Union Services Corp proposed that owners of automatic teller machines restrict any "carve out" from a draft agreement on the elimination of ATM interchange fees. » read more »
-
Norris sets September start
-
28 June 2005 12:00amIncoming Commonwealth Bank managing director Ralph Norris will start work at the bank some time in September, CBA said yesterday. Norris will finish as managing director of Air New Zealand on August 31. » read more »
-
Notice: Asia Pacific Smart Card Forum
-
28 June 2005 12:00amThe Asia Pacific Smart Card Forum's annual conference takes place in Sydney at the Sydney Convention Centre tomorrow and Thursday. » read more »
-
ANZ edgy over APRA treatment of hybrids
-
27 June 2005 12:00amANZ Bank managing director John McFarlane told the Australian that Australian banks may be at a "significant disadvantage" if the Australian Prudential Regulation Authority "starts to change its perspective on the treatment of hybrids in a material way." » read more »
-
Broker volumes ease at ANZ
-
27 June 2005 12:00amANZ told the Financial Review it experienced a "rebalancing" in sources of new home loan business in recent months, with a drop in loan volumes sold via brokers (tied to the reduction in trail commissions paid to brokers two months ago). ANZ said it achieved stronger home loan sales through its branches and own-brand mortgage franchises. » read more »
-
NAB sets three year goal to lower costs
-
27 June 2005 12:00amNational Australia Bank set a three year time frame to reduce its cost to income ratio to "globally competitive levels". » read more »
-
Murray owns up to retirement payout
-
27 June 2005 12:00am
