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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Bonuses linked to the share price rather than profits at Bank of Queensland
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08 November 2004 12:00amThe board of the Bank of Queensland has decided to separate bonus arrangements for senior management from the bank's reported profit, and instead proposes to indirectly tie those bonuses to the bank's share price, through an indirect mechanism that would relate management bonus payments to growth in earnings per share. » read more »
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Adelaide Bank bucks the trend in the mortgage market
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08 November 2004 12:00am
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Which new bank reform benefits exceed plan
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08 November 2004 12:00amIn contrast to Adelaide Bank, Commonwealth Bank did not give much away at the bank's annual meeting on Friday. Chair John Ralph and managing director David Murray said that: » read more »
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Westpac narrows home loan price premium
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08 November 2004 12:00amNew Zealand's banks are taking their time responding to the rise in the office cash rate almost two weeks ago. » read more »
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Greg Baker returns to ATM market through Customers
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05 November 2004 12:00amFormer Cashcard managing director Greg Baker will make a return to the payments industry, with an agreement for Baker to become managing director of payments sector aspirant Customers Limited. » read more »
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Home loan demand declined in October: AFG
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05 November 2004 12:00amAustralian Finance Group, an aggregator of home loans arranged via mortgage brokers, estimated in the second of what the group promises will be a monthly measure of its trading that it holds a 7.5 per cent share of the home loan market in Australia. » read more »
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BankWest exceeds targets
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05 November 2004 12:00amBank of Western Australia has pushed through a couple of press releases over the last week in relation to the promotion of its six per cent at call deposit account and related high yield term deposits, tied to the start of advertising in Victoria at the end of last week and in Queensland earlier this week for its dedicated web site "A better deal". » read more »
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Murray might be leaving CBA early
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05 November 2004 12:00amJohn Ralph, chair of Commonwealth Bank, raises the prospect in an interview with the Financial Review that the bank's chief executive, David Murray, might leave the bank before the end of his current five year contract. » read more »
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Bank of New Zealand seek escape route from RBNZ rules
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05 November 2004 12:00amWestpac and ANZ have realised to their cost that the Reserve Bank of New Zealand is serious about its fulfilling its legal obligations to protect the NZ financial system in the event of one major NZ bank failing. » read more »
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Three bidders chase NIB and Northern
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05 November 2004 12:00amIrish newspapers reported overnight that National Australia Bank expected to receive bids for Northern Bank and National Irish Bank from Lloyds TSB, HBOS and Rabobank. » read more »
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National's overdue loans treble
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04 November 2004 12:00amThe asset quality at National Australia Bank turns out to be poorer than reported six months ago, with the bank yesterday advising of adjustments in the level of non-accrual loans and the level of past-due loans over the last two half year periods. » read more »
