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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AFR targets Collection House chief
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17 February 2005 12:00amToday's Financial Review publishes an investigation into listed debt collection company Collection House. » read more »
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Baker buys back ATM sales guns
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17 February 2005 12:00amCustomers Limited is pursuing its vision to become a minor force in the merchant or non-bank automatic teller machine market with some speed. The company, which acquired a new management team and investors in the last quarter of 2004, yesterday announced its third purchase of a fleet of automatic teller machines since the company's change of strategy. » read more »
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NAB's patience runs thin with Telstra
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17 February 2005 12:00amNational Australia Bank has been fighting the "no can do" management team at Telstra's business and government division for the past the past three years. This is the Telstra division that provides managed services to corporate customers such as Qantas and Woolworths, in addition to NAB. » read more »
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AmEx subsidises Healthe rewards
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17 February 2005 12:00amAmerican Express is extending the rewards it is willing to offer to attract new customers, with the cards company funding at least part of the extended suite of rewards tied to the Healthe credit card launched in conjunction with the Healthe brand this week. » read more »
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Community banks sustain Bendigo returns
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15 February 2005 12:00amThe gradual maturing of its network of community banking franchises helped Bendigo Bank offset softer conditions in the home loan market over the last year. » read more »
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Bendigo massages capital and prioritises EPS growth
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15 February 2005 12:00amBendigo Bank will seek a more complex capital mix to support its business, with the bank making plans to sell some hybrid securities (which would still qualify as tier one capital), buy back some ordinary shares, and also remove the discount on the issues of shares under the dividend reinvestment plan. » read more »
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Community bank profit doubles
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15 February 2005 12:00amBendigo provided the first ever breakdown of the profit contribution to the group from its community banking business. » read more »
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Tokens in demand for internet banking
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15 February 2005 12:00amDual factor or secondary authentication is a technique that some bank critics, and a few customers, consider essential to improve the security of internet banking. For customers the additional authentication may increase their confidence in the systems, and for banks it may reduce the long term costs of "phishing" and other internet banking scams, for which the banks refund the stolen funds even if their contracts with their customers don't really require it. » read more »
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St George and Suncorp review mortgage insurance captives
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15 February 2005 12:00amSt George Bank and Suncorp may have to review the merits of the continued domicile of their captive lenders mortgage insurance subsidiaries in Singapore rather than in Australia. » read more »
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ANZ business banking good in parts
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15 February 2005 12:00amANZ fleshed out a little more detail of its business banking performance for the first four months of 2004/05 at yesterday's earnings guidance briefing to analysts. » read more »
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McFarlane hops into BNZ and BankWest
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15 February 2005 12:00amIn the ANZ investor briefing yesterday, ANZ chief executive John McFarlane said that Bank of New Zealand's mortgage discounting late last year not that he named BNZ secured 30 basis points in home loan market share for the National Australia Bank subsidiary, and was profitless growth. » read more »
