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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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 »
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APRA sets 2008 at the starting date for Basel II
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04 November 2004 12:00amAll banks get another year to prepare for the introduction of the Basel II regime for the assessment of the capital requirements, at least for regulatory purposes. » read more »
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Telecom New Zealand buys CBA out of outsourcing subsidiary
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04 November 2004 12:00amTelecom New Zealand may not be deriving all that much value from its supply of telecommunications services to Commonwealth Bank of Australia. » read more »
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NZ banking regulator tightens limits on foreign banks
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03 November 2004 12:00amIt's taken more than 12 years, but New Zealand's banking regulators are coming to grips with the implications of foreign control of all the country's systemically important banks. » read more »
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National considers holding company structure
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03 November 2004 12:00amNational Australia Bank may be examining establishing a holding company that may help quarantine depositors in Australia from the failure of any of the bank's other banking subsidiaries outside Australia. » read more »
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ASB chases SuperBank into high yield deposits
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03 November 2004 12:00amASB Bank has decided to follow SuperBank into the high yield bank deposit into the New Zealand market, with the bank this week establishing an at call account that pays 6.20 per cent on all balances. There are no account keeping fees on the account, and nor are there are any transaction fees, since the account excludes transaction features such as Eftpos and ATM withdrawals. » read more »
