- RBA wants to see price competition in the ATM market
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18 August 2010 7:03amThe Reserve Bank is not satisfied that there has been genuine price competition in the ATM market since its direct charge reforms took effect in March last year. » read more »
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ATM market looking peaky
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18 August 2010 7:01amStrong growth in debit account numbers and transaction volumes may be putting a cap on the growth of the ATM market, according to MWE Consulting principal Mike Ebstein. » read more »
- BNZ pays record dividend to NAB
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18 August 2010 7:00amBank of New Zealand paid a record dividend to its Australian parent with the dividend so far in the 2010 financial year more than doubling the amount paid last year. » read more »
- Yield improves for FlexiGroup
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18 August 2010 6:59amHigh-priced lease finance for small business and households is producing a reasonable return for equipment finance company FlexiGroup, which yesterday said it will report a full year "profit before amortisation" of around $60 million, and $2 to $4 million ahead of earlier guidance. This profit includes a tax credit of $18 million. » read more »
- Credit Corp says strong earnings growth to continue
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18 August 2010 6:59amDebt collector Credit Corp Group yesterday reported a 25 per cent increase in net profit for the year to June and forecast that earnings could increase by as much as 30 per cent in the current year. » read more »
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Dual pricing problem infects at-call market
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18 August 2010 6:57amJust months after a damning government report into dual pricing in the term deposit market, banks and credit unions are ramping up dual pricing on their at-call online savings accounts. » read more »
- Westpac fares better in DBM business monitor
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18 August 2010 6:57amWestpac might be making progress in business banking, if the satisfaction ratings produced by DBM Consultants are any guide. On DBM's ratings Westpac now ranks equally with Commonwealth Bank in four market segments for which DBM produces satisfaction rankings. » read more »
- KEB a good get for ANZ
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17 August 2010 6:47amKorea Exchange Bank has to be a tempting option for ANZ – so tempting the board might as well go ahead and buy it. » read more »
- REDS, Pepper on a roll
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17 August 2010 6:43amSeven hundred and fifty million dollars in funding for prime home loans for Bank of Queensland and $78 million for Pepper for a pool of non-conforming loans marked a decent Monday for enthusiasts of non-bank financial intermediation. » read more »
- Community bank escapes company tax
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17 August 2010 6:42amSome local businesses operating community bank franchises of Bendigo and Adelaide Bank may not have to pay company tax following a successful case brought by the operator of the only local bank in Wentworth, New South Wales. » read more »
- NZ deposit rates begin to shift
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17 August 2010 6:41amThe Reserve Bank of New Zealand’s hike in the official cash rate is finally making an impact on deposit rates, with some banks making an upward adjustment to short-term rates. » read more »
