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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Standard Chartered picked for Bank Permata
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11 October 2004 12:00amStandard Chartered Bank beat three other banking consortiums (one of them including ANZ Bank) to emerge as the preferred bidder for Indonesia's Bank Permata. » read more »
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BankWest sets pace in high yield segment
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11 October 2004 12:00amBank of Western Australia has stormed to the lead of the high yield deposit account segment, with an interest rate of six per cent. » read more »
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Four pillars still out of reach
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11 October 2004 12:00amWhat initiatives have the Liberal and National party coalition had in mind for the banking sector over the last eight years but never had the confidence to try on the Senate, which the coalition government may control from July 2005. Nothing, probably. » read more »
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NAB's wrong number
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08 October 2004 12:00am
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Stewart takes his time
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08 October 2004 12:00am
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Kiwibank subsidy
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08 October 2004 12:00amKiwibank's narrow operating loss of NZ$490,000 in the year to June 2004 is improved by a little-noticed subsidy from its owner, New Zealand Post, a columnist argues in the National Business Review. » read more »
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ANZ still chasing Bank Permata
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08 October 2004 12:00am
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NZ Nationals back single regulator
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08 October 2004 12:00amJohn Key finance spokesman for the National Party in New Zealand called for a trans-Tasman banking regulator. In a speech reported by the New Zealand Herald and delivered to the Conference of Independent Financial Advisers in Christchurch, Key said a combined Australia and New Zealand banking supervisor would save money and strengthen consumer protection. » read more »
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Residex and Midware open residential property to institutional investors
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07 October 2004 12:00amProperty researcher Residex can't be accused of short-term thinking, with the "shared appreciation home loan" that the group is creating with banking small cap Midware conceived fourteen years ago. » read more »
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Midware going for growth
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07 October 2004 12:00amA second theme arising from the collaboration between Midware and Residex over the shared appreciation home loan is that Residex will provide $500,000 in capital to Midware, in return for 20 million shares, equal to about 10 per cent of the capital of the company. » read more »
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RBNZ tackles director independence
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07 October 2004 12:00amThe Reserve Bank of New Zealand revealed another theme to its ever expanding agenda of reviews of the independence, or otherwise, of foreign owned banks in that market, with publication of an article that foreshadows "possible options for enhancing governance within banks." » read more »
