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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Richard McKinnon works on
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07 October 2004 12:00am
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St George confirms margin pressure
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06 October 2004 12:00amIn a slide pack released ahead of two investor conferences organised by JP Morgan in Edinburgh and New York, St George Bank provided a bit of a surprise in the commentary on the behaviour of interest margins. » read more »
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St George tracks system growth
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06 October 2004 12:00am
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Credit Union Australia churns into a securitisation machine
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06 October 2004 12:00amLethargic would be a generous description of the speed with which credit unions manage to publish their results, but some annual reports are now sputtering onto websites. » read more »
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Australian Central returns fall
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06 October 2004 12:00amAustralian National, the second largest credit union, is yet to publish its annual report, but Australian Central, the third largest and the largest in South Australia, has had its annual report out for a couple of weeks. » read more »
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Victorian Teachers restores returns
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06 October 2004 12:00amVictorian Teachers Credit Union ranked twelfth in last year's ranking by assets of credit unions, at least according to KPMG. They've crashed the newsletter by taking the trouble to email their report in. » read more »
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NZ Reserve the obstacle to the single regulator
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06 October 2004 12:00amNew Zealand's Reserve Bank and finance ministry officials may be the obstacle to the formation of a single banking regulator for Australia and New Zealand, rather than Australian officials. » read more »
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RBNZ counts on intervention profits
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06 October 2004 12:00amThe Reserve Bank of New Zealand did say in its annual report that it had now gained the additional capacity to intervene in the foreign exchange market earlier this year. The Fairfax NZ newspaper site Stuff report that the initial capital contribution from the New Zealand government to facilitate this intervention is NZ$1 billion. » read more »
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ASB adopts optional SMS authentication
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06 October 2004 12:00amASB Bank will adopt SMS text messages as an option as a secondary authentication tool for retail customers seeking additional protection for significant internet banking transactions. » read more »
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MIAA code fails the test
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06 October 2004 12:00amNeither the Australian Securities and Investments Commission nor the Consumer Law Centre think much of the guidelines finally published by the Mortgage Industry Association of Australia and designed to ensure that brokers disclose all commissions. » read more »
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Card Security for Online Shops seminar
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06 October 2004 12:00am
