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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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 »
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Credit Corp cautious on mercantile collections
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23 February 2005 12:00am
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NSW government targets mortgage insurance
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23 February 2005 12:00amVero Lenders Mortgage Insurance, the remnant of the lenders mortgage insurance business operated by Royal & Sun Alliance recorded a two third increase in profit in the year to December 2004, 18 months after the company ceased writing new business and went into run off. » read more »
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Too much regulation, cry bankers
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23 February 2005 12:00amBankers around the world think they are overregulated, according to research released this week by the London-based think tank, the Centre for the Study of Financial Innovation and sponsored by PricewaterhouseCoopers. » read more »
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Notice: AIBF CEO Thought Leadership Forum
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23 February 2005 12:00amThe AIBF CEO Thought Leadership Forum - Sydney Wednesday 23 March 2005. The forum provides an avenue for chief executives across the financial services industry to provide insights into the challenges and the daily leadership decisions they make. » read more »
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Citi wields the axe at Diners Club
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22 February 2005 12:00amCitibank will outsource or axe around 80 jobs from its workforce at Diners Club in Melbourne. » read more »
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Kiwibank's guarantee offsets the worst of mortgage war
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22 February 2005 12:00amKiwibank recycled the tired old "maiden profit" line in its public relations for its quarterly disclosure for the December 2004 quarter and here is the New Zealand Post-owned bank's spin faithfully represented in key New Zealand media, including the New Zealand Herald, the Dominion Post, and NZPA. » read more »
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Macquarie Bank takes a second stab at profit guidance
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22 February 2005 12:00amMacquarie Bank created a bit of muddle for itself with its adjective-laden, but otherwise vague advice, as part of an investor briefing on Friday, that it "expected a very substantial increase in its second half profit." » read more »
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Big banks sell customer service message
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22 February 2005 12:00amRegional banks and bank challengers may need to breathe some life into the community's former mindset that banks, meaning big banks, are bastards, with a second research firm producing data which shows that big banks in general are closing the gap in customer attitudes, and that ANZ in particular earns higher customer satisfaction ratios than St George Bank. » read more »
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Royal chair sets goals for ANZ in Cambodia
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22 February 2005 12:00am
