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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Victorian Libs look at funding options for ConnectEast
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20 October 2004 12:00amA lot of financiers and Liberal party heavyweights no doubt think its either absurd or empty rhetoric, but the Liberal opposition in Victoria seems to be taking seriously its pledge last week to renegotiate the contract signed by the state's Labor government for a 35 year concession with ConnectEast to build and operate the Scoresby motorway in Melbourne's eastern suburbs. » read more »
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NAB's CFO Michael Ullmer retains twin risk role
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20 October 2004 12:00amNational Australia Bank's new chief financial officer, Michael Ullmer, seems to be happy to recruit preferred executives from his former employer Commonwealth Bank. » read more »
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Foreign banks and credit unions best choice for home loans
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19 October 2004 12:00amA product analysis of the Australian mortgage market by consumer banking monitors Infochoice provides a fresh snapshot of the central product market of the domestic banking business. » read more »
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Early exit fees now common
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19 October 2004 12:00am
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CECS cleared by ACCC
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19 October 2004 12:00amIn the manoeuvring around control over and access to the Eftpos system, the incumbents have succeeded in securing endorsement from the Australian Competition and Consumer Commission for the rules and manual that govern the handling of ATM and Eftpos payments between banks and acquirers. » read more »
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Regional banks consider cheque processing options
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19 October 2004 12:00amRegional banks are debating the merits of outsourcing their cheque processing to the joint venture under development by three large banks, while also considering the merits of pooling their own cheque processes in joint venture that would look after small banks separately to the interests of the majors. » read more »
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Westpac secures loan guarantees for Genesis financing
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18 October 2004 12:00amWestpac has secured an indirect guarantee of New Zealand government support for Genesis' proposed gas-fired power station at Huntly, with the government undertaking to prop up Genesis' revenues derived from the plant. » read more »
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Public housing ready to steady the investment cycle
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18 October 2004 12:00amInflation has clearly replaced employment, output and growth as the overriding target of economic policy. » read more »
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Flats on the slide in Sydney
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18 October 2004 12:00amThe prices of Sydney houses and flats fell over the last two months, wiping out those gains made in the early part of 2004 have been lost, Harry Triguboff, Sydney's busiest builder of flats told The Australian. » read more »
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Bank of Queensland targets 31 per cent return on home loans
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18 October 2004 12:00amReturning to Bank of Queensland's earnings for the year to August 2004, of which only the core earnings made it into Friday's edition: » read more »
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BOQ Equipment Finance acquisition excceds plan
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18 October 2004 12:00amThe reported results for Bank of Queensland's recently purchased equipment finance arm, the former UFJ Finance, show that sales from the purchased business increased by 50 per cent and customer numbers increased by 32 per cent over the course of the year. BoQ bought UFJ Finance early in the bank's financial year. » read more »
