- Core banking upgrade starting to deliver
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12 August 2010 7:13am
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No break fee windfall for ASB
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12 August 2010 7:12amA drop of NZ$100 million in break fees was one of the chief contributors to a 13 per cent fall in ASB Bank’s cash net profit in the year ended June 2010. » read more »
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Profit scraps in Asia
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12 August 2010 7:12amCommonwealth Bank yesterday reported a handful of data points on the earnings of its businesses in Asia as part of the bank’s full year profit. » read more »
- Fiji loss for CBA
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12 August 2010 7:12amCommonwealth Bank recorded a loss on sale of $30 million from its sale of Colonial National Bank to Bank South Pacific at the end of 2009, CBA’s full year financials show. » read more »
- NAB comfortable with big funding requirement
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11 August 2010 6:58amNational Australia Bank will have to raise an extra $50 billion of long-term wholesale funding to meet the Basel Committee’s new ruling on sustainable balance sheet ratios, the bank’s chief financial officer, Mark Joiner, said yesterday. » read more »
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Advantedge posts strong numbers
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11 August 2010 6:57amOne of National Australia Bank’s fastest growing businesses is its wholesale loan servicer Advantedge. NAB reported at yesterday’s June quarter update that Advantedge’s loan portfolio had grown 12 per cent in the quarter to $5.5 billion. » read more »
- BNZ’s asset quality stabilises for first time post-GFC
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11 August 2010 6:56amAfter many quarters of worsening deterioration in asset quality, National Australia Bank’s New Zealand banking business finally saw some stabilisation in the quarter ending June 2010. » read more »
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Exit fees not such a big problem
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11 August 2010 6:55amA little more than half the people refinancing their mortgages pay exit fees and of those who do pay fees only about one-third pay more than $1000. » read more »
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Philips keeps the dream alive at Keybridge
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11 August 2010 6:54amKeybridge Capital harbours plans to build a fresh business similar to that which it has spent the last two years winding down. » read more »
- Firstfolio signs Once
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11 August 2010 6:53amJust a week after signing LJ Hooker to its Bloom loan servicing platform, the mortgage and financial services distribution company Firstfolio has announced that Once will use Bloom to support its new Once Home Loans product. » read more »
- NAB and Axa undertakings may not be enough
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10 August 2010 6:54amThe Axa share price rose five per cent yesterday on expectations that the undertakings the company and its suitor National Australia Bank have given the Australian Competition and Consumer Commission would be enough to win the regulator’s approval for their merger.
» read more »
