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).
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Underwriting profit falls for QBE LMI
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29 April 2013 7:08amA doubling in the claims ratio helped slice the underwriting profit for QBE Lenders Mortgage Insurance last year. » read more »
- More soft loans on offer for farmers
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29 April 2013 7:08amGovernment-sponsored rural lenders will have access to a further A$60 million in funding from the Australian government, made available in a bid to address the politics of a supposed shortfall in private sector finance for farmers. » read more »
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Clarke leaves the job unfinished at Investec
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29 April 2013 7:05amInvestec Bank (Australia) has confirmed reports that its chief executive of four years, David Clarke, has resigned. » read more »
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Austrac wants A$30 million
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29 April 2013 7:04amThe anti-money laundering regulator Austrac will impose a levy of A$30.3 million for estimated costs in the 2013/14 financial year. » read more »
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Prospects for more bond issuance, Qantas style
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29 April 2013 7:04amQantas surprised the market when it announced to the ASX, on Monday, that it had placed A$125 million of seven-year bonds on the domestic market. » read more »
- Briefs: Infratil bond issue delayed, BSP picks CEO, and AMMB selling life stake
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29 April 2013 7:03amInfratil bond issue delayed because of political risks; Bank of Sout Pacific picks new CEO; and AMMB seeks offers for life insurance business.
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CEFC return target only three per cent
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26 April 2013 7:16amInvestors and lenders in renewable energy projects may find themselves working alongside, or in competition with, a public sector financier which has a very modest mandate. » read more »
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ANZ's Bangalore hub not for sale
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26 April 2013 7:15amANZ is committed to ownership of its global hubs and IT has "not had any discussions about our Bangalore hub with Wipro Ltd about a possible sale", says the bank.
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Mekong attracts ANZ
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26 April 2013 7:15amThe Mekong region will be an increasing priority for investment by ANZ as the bank responds to shifts in investment and trade flows. » read more »
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Suncorp keeps up the pace
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26 April 2013 7:14amSuncorp is maintaining a quick rate of growth in commercial and agribusiness lending, which, it says, is largely being funded by an increase in retail deposits. » read more »
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FOS dispute numbers down, but hardship still a hot issue
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26 April 2013 7:13amThe number of disputes lodged with the Financial Ombudsman Service declined sharply last year. Between the March quarter, when FOS received 9590 disputes, and the December quarter, when it received 7677, there was a 19.9 per cent drop. » read more »
