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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).

Subscription content please login to view - Cost management versus under investment Cost management versus under investment
05 May 2004 12:00am
St George Bank's earnings surprise is a cost story as much as a revenue story. » read more »
Subscription content please login to view - Risk ratio refused Risk ratio refused
05 May 2004 12:00am
Gail Kelly curiously refused to divulge the "value at risk" estimate for the march 2004 half when quizzed at the investpr briefing. » read more »
Subscription content please login to view - New mortgage business capped in first quarter New mortgage business capped in first quarter
05 May 2004 12:00am
• Home loans under management increased by 7.3 per cent or 14.7 per cent on an annualised basis to $45.9 billion. » read more »
Subscription content please login to view - Captive mortgage insurance capital reviewed Captive mortgage insurance capital reviewed
05 May 2004 12:00am
St George made some more detailed disclosures about the contribution of the bank's captive mortgage insurance company in the March 2004 half result than is usual. » read more »
Subscription content please login to view - Middle market share grows Middle market share grows
05 May 2004 12:00am
• Commercial lending increased by 22 per cent to $14.6 billion. » read more »
Subscription content please login to view - Consumer delinquencies rise Consumer delinquencies rise
05 May 2004 12:00am
• Consumer receivables increased 15.3 per cent to $3.9 billion over the half. » read more »
Subscription content please login to view - SuperBank ignored SuperBank ignored
05 May 2004 12:00am
There doesn't appear to be any mention in the half year result of St George Bank's New Zealand subsidiary of its banking joint venture with supermarket chain Foodstuffs, which trades as SuperBank. » read more »
Subscription content please login to view - Housing credit cycle defies the gloom Housing credit cycle defies the gloom
03 May 2004 12:00am
The housing credit cycle may not be turning as rapidly as the multitude of housing loan managers running around owning up to declines in new business levels of between 15 per cent and 20 per cent, or more, would suggest. » read more »
Subscription content please login to view - Building society and credit union profits improve Building society and credit union profits improve
03 May 2004 12:00am
Australian Prudential Regulation Authority data on the building society and credit union sectors sector of the banking industry for the December 2003 quarter shows that: » read more »
Subscription content please login to view - Metropolitan takeover lifts Credit Union Australia Metropolitan takeover lifts Credit Union Australia
03 May 2004 12:00am
Brisbane-based Credit Union Australia in a press release last week said that it recorded a net profit of $10 million for the six months to December 2003, compared with a full year profit to June 2003 of $14.0 million. » read more »
Subscription content please login to view - Telstra introduces credit card surcharging Telstra introduces credit card surcharging
30 April 2004 12:00am
Telstra's opened the door to widespread surcharging of credit card payments by utilities, and no doubt plenty of other dominant billers, with the introduction of a spread of surcharge levels for payments made by credit card. The credit card surcharge comes into force from June. » read more »
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