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IASB lease standard draws fire
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19 August 2010 6:42amThe International Accounting Standards Board is sure to get plenty of argument over its proposals for improvement of the financial reporting of lease contracts. The board had set out to simplify the rules for reporting leases but its critics say it has come up with a solution that is no less complicated than the current rules. » read more »
- Let banks fail: Stevens
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18 August 2010 7:04amBank regulators need to be able to let banks fail, a view that must inform decisions and regulations on how complex banks are allowed to become, Glenn Stevens, governor of the Reserve Bank of Australia, said last night. » read more »
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Employment an alternative measure of finance income
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18 August 2010 7:03amThe Australia Institute appears to be succeeding in drawing some attention to its policy proposal to reduce aggregate bank profits to two thirds of their current level, with the governor of the Reserve Bank of Australia indirectly tackling the topic. » read more »
- RBA wants to see price competition in the ATM market
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18 August 2010 7:03amThe Reserve Bank is not satisfied that there has been genuine price competition in the ATM market since its direct charge reforms took effect in March last year. » read more »
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ATM market looking peaky
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18 August 2010 7:01amStrong growth in debit account numbers and transaction volumes may be putting a cap on the growth of the ATM market, according to MWE Consulting principal Mike Ebstein. » read more »
- BNZ pays record dividend to NAB
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18 August 2010 7:00amBank of New Zealand paid a record dividend to its Australian parent with the dividend so far in the 2010 financial year more than doubling the amount paid last year. » read more »
- Yield improves for FlexiGroup
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18 August 2010 6:59amHigh-priced lease finance for small business and households is producing a reasonable return for equipment finance company FlexiGroup, which yesterday said it will report a full year "profit before amortisation" of around $60 million, and $2 to $4 million ahead of earlier guidance. This profit includes a tax credit of $18 million. » read more »
- Credit Corp says strong earnings growth to continue
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18 August 2010 6:59amDebt collector Credit Corp Group yesterday reported a 25 per cent increase in net profit for the year to June and forecast that earnings could increase by as much as 30 per cent in the current year. » read more »
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Dual pricing problem infects at-call market
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18 August 2010 6:57amJust months after a damning government report into dual pricing in the term deposit market, banks and credit unions are ramping up dual pricing on their at-call online savings accounts. » read more »
- Westpac fares better in DBM business monitor
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18 August 2010 6:57amWestpac might be making progress in business banking, if the satisfaction ratings produced by DBM Consultants are any guide. On DBM's ratings Westpac now ranks equally with Commonwealth Bank in four market segments for which DBM produces satisfaction rankings. » read more »
- KEB a good get for ANZ
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17 August 2010 6:47amKorea Exchange Bank has to be a tempting option for ANZ – so tempting the board might as well go ahead and buy it. » read more »
