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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Business banking clamp too enthusiastic
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13 May 2004 12:00amIn Australia, National estimated that it "maintained a leading position in business lending" with a 26 per cent share in early 2004, though this fell from a share of 26.5 per cent a year ago. » read more »
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Institutional bank reeling
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13 May 2004 12:00am
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Bank of New Zealand improves
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13 May 2004 12:00am
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Repair work needed Europe
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13 May 2004 12:00am
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Currency options fiasco results in $3.2 billion additional capital raising
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13 May 2004 12:00amNAB's 2004 half-year results reveal the additional capital required to satisfy the Australian Prudential Regulatory Authority imposed sanctions following the currency options fiasco in January this year. » read more »
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Peppers in-sources loans from Baycorp
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12 May 2004 12:00amBaycorp Advantage have quit a three year foray into loan administration in Australia, with a decision to sell the bulk of the company's "lending solutions" division to the only customer of consequence, Pepper Home Loans. » read more »
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Rabobank rebuttal
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12 May 2004 12:00am
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Rabobank report 28 per cent return
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12 May 2004 12:00amIt turns out there is glossy but barely informative document at the Rabobank websites for Australia and New Zealand, described as the "annual review". » read more »
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Treasury warns wealth affects the key economic risk
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12 May 2004 12:00amIn the "economic outlook" written by Treasury for the 2004/2005 federal budget paper, the econocrats nominate the "key risk" to the economic outlook as "developments in the housing sector, particularly the future path of house prices and the associated wealth effects on consumption." » read more »
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Net debt falls to 2.9 per cent of GDP
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12 May 2004 12:00amThe federal government will stick to its policy of maintaining about $5 billion in long bonds on issue in targeted lines of stock, as a subsidy to banks and investors and other risk managers, who, the government reasons, wouldn't be able to manage their interest rate risks without this risk. » read more »
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Peppers in-sources loans from Baycorp
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12 May 2004 12:00amBaycorp Advantage have quit a three year foray into loan administration in Australia, with a decision to sell the bulk of the company's "lending solutions" division to the only customer of consequence, Pepper Home Loans. » read more »
