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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Marketing managers call the shots at St George
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24 February 2005 12:00amHow many times and how fast can a lender lower the bar in a bid to win business in market that, over the summer, has shown signs of perking up after a disappointing spring. » read more »
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Target home loan market expands by a fifth
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24 February 2005 12:00amThe proportion of households in hock to a bank in order to buy a home increased by almost one fifth between 1996 and 2003, though estimated value of the equity in the typical home increased faster than the sizes of the mortgages buyers took on board. » read more »
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BNZ makes marginal gain from unbeatable campaign
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24 February 2005 12:00amBank of New Zealand recorded its strongest growth in mortgages in the December 2004 quarter in more than a year, and perhaps ever, but the bank's "unbeatable" spring sales campaign did little to help the bank improve its bottom line. » read more »
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NAB insincere on service
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24 February 2005 12:00amIf you're regular user of internet banking, and you're out at work all day, the chances are that one of the things you like is being able to manage your finances when your bank is closed. » read more »
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APRA captive exemption won't apply to LMIs
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24 February 2005 12:00amTrue captive insurance companies would be exempt from prudential regulation under proposals released yesterday by the Australian Prudential Regulation Authority, but the exemption is unlikely to apply to lenders mortgage insurance captives operated by Australian banks and other lenders. » read more »
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HSBC follows with zero interest on credit card transfers
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24 February 2005 12:00am
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More than nine of out ten happy with Heritage
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24 February 2005 12:00am
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Research confirms potential of micro-business market
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23 February 2005 12:00amSmall business customers are not happy with their banks and that's the opportunity for the myriad of institutions that see business banking as the means to maintain profit levels as the housing market cools. » read more »
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GE Capital and Travelex lead leasing and forex segments
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23 February 2005 12:00amEquipment leasing is an important source of finance for micro businesses and here the East & Partners survey of micro business banking relationships finds that GE leads the market with a 28.6 per cent share. ANZ's Esanda has 13.5 per cent, followed by NAB with 11.2 per cent, Westpac with 10 per cent and St George with 8 per cent, while CBA trails at 6.7 per cent. » read more »
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Ingot makes move on Intellect
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23 February 2005 12:00amIngot Capital, a vulture investor with an appetite for distressed payments technology plays in the Australian market, has emerged as a substantial shareholder in Intellect Holdings. » read more »
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Cabcharge plans debit card
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23 February 2005 12:00amCabcharge is looking for ways to fend the substitution of its branded charge card by bank-issued payment cards, and plans to introduce its own debit card. » read more »
