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).
-
NAB appoints Michael Chaney to board
-
22 June 2004 12:00amAs leaked long ago, National Australia Bank will appoint Michael Chaney, the former managing director of Wesfarmers, as a board member. » read more »
-
ABA bemoans costs of regulation
-
22 June 2004 12:00amANZ Bank managing director, and also chair of the Australian Bankers Association, John McFarlane, yesterday put a price on the regulatory load. » read more »
-
Fighting with the last war's weapons
-
21 June 2004 12:00am
-
ALP plans universal service obligation for top five banks
-
21 June 2004 12:00amLabor's actual banking policy, released yesterday, doesn't include a skerrick of macroeconomic analysis or even acknowledge the single most potent feature of the banking landscape of the last few years, the housing credit boom, and the implications of a likely bust. » read more »
-
ANZ's crocodile tears over Reach loss
-
21 June 2004 12:00amOn Friday, Telstra and PCCW the joint shareholders in Reach - said that lenders to Reach would be paid US$310.9 million to extinguish the remaining US$1.2 billion in outstanding principal on the loan. Tesltra and PCCW paid the banking syndicate US$300 million in principal last year, via a pre-payment from the shareholders to Reach on the use of the company's cable network. » read more »
-
Underwriters still seeking buyers for Foxtel loan
-
21 June 2004 12:00amTelstra does seem to be paying a price for its approach toward the Reach banking syndicate. » read more »
-
ANZ fishes in mortgage-backed bond market
-
21 June 2004 12:00amANZ Bank may be providing more low doc home loans than most other major banks in Australia, if the proportion of this style of loan in a mortgage-backed being marketed by the bank is any indication. » read more »
-
Debit and charge take share from credit cards
-
18 June 2004 12:00amThe sharp rise in credit card cash advances in March reversed in April, while credit card revolve rates fell, and thus indicating that households have this segment of consumer debt under control. » read more »
-
John Kolenda quits Aussie
-
18 June 2004 12:00amJohn Kolenda, New South Wales sales manager for Aussie Home Loans, left the company without much notice last Friday. » read more »
-
Grahame Petersen takes over strategic development at CBA
-
18 June 2004 12:00amAdrian Cosenza, Commonwealth Bank's group executive strategic development, isn't sick, or at least isn't sick any more he's now on six months long service leave. » read more »
-
Neumann sees room for improvement at The Rock
-
18 June 2004 12:00amMark Neumann, the new chief executive at The Rock Building Society, worked for Gold Coast-based Pioneer Mortgage Services for about a year until early 2003, and not for Pioneer Permanent Building Society. » read more »
