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).
-
NAB performance "just not good enough" says former CEO
-
01 February 2005 12:00amYesterday belonged to the real shareholders, as National Australia Bank held its much anticipated 2004 annual general meeting. » read more »
-
Notice: AIBF CEO Thought Leadership Forum
-
01 February 2005 12:00amThe AIBF CEO Thought Leadership Forum will be held in Sydney on 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 »
-
GEMICO counts on property appreciation
-
31 January 2005 12:00amThe extent to which the mortgage market in Australia experienced a revival in growth rates in the last quarter of 2004, and it's composition, is an issue that's vexed a few commentators over the last week, with some energetic demonisation through last week of the monthly data published by the Australian Bureau of Statistics on the extent and composition of growth in home lending. » read more »
-
PMI expects housing market to turn
-
31 January 2005 12:00amBy contrast, Donald Lofe, the executive vice president and chief financial officer for PMI Group, in a separate investor briefing hosted at the end of last week by Citigroup, said that the loss ratio in PMI's mortgage insurance operations in Australia and New Zealand was between one per cent and two per cent. » read more »
-
Suncorp starts to sort out banking
-
31 January 2005 12:00amSuncorp Metway's management left some mystery in Friday's announcement via the stock exchange that it expected the profit from the group's banking division to be approximately 20 per cent higher for the December 2004 half year, compared with the December 2003 half year. » read more »
-
Heritage winds back in mortgage market
-
31 January 2005 12:00amHeritage Building Society changed tack during the second half of the 2004 calendar year, with the rate of growth in the bank's assets under management falling below system growth rates, and well below the rates of growth in business recorded during the boom in 2002 and 2003. » read more »
-
Low doc loan estimates slippery
-
31 January 2005 12:00amLow documentation lending is a fast growing segment of the home loan market in Australia, but how large this segment is and how fast it is growing remains pretty unclear. » read more »
-
Commonwealth Bank shuffles retail chiefs
-
31 January 2005 12:00amCommonwealth Bank has unified management responsibility for mortgages with the remainder of consumer credit, in the wake of the decision by the head of cards and consumer finance, Stephen Morrow, to take time out from the industry. » read more »
-
Pepper PLAN's commission sweetener
-
25 January 2005 12:00amNon-conforming lender Pepper Home Loans will sweeten the up-front commission paid to select introducers, with the commission to increase to 1.9 per cent from 1.5 per cent with effect from the beginning of February. » read more »
-
Bendigo coy on community bank returns
-
25 January 2005 12:00amBendigo Bank doesn't publish any detailed trading information on its community bank network, but rather bundles the results with the overall performance of the retail bank, and just highlights a few aggregate numbers. Those that suit the publicity agenda include: » read more »
-
A window into Bendigo's community banks
-
25 January 2005 12:00amThis newsletter is a long standing sceptic of the business case from the point of view of investors in the franchises of the "community bank" network being rolled out by Bendigo Bank, usually to much acclaim. » read more »
