-
ANZ National CEO steps down
-
01 September 2010 7:15amANZ National Chief Executive Jenny Fagg stepped down from her position to undergo treatment for cancer and Deputy Chief Executive Steven Fyfe will assume the acting role during her absence. » read more »
-
PNCS restores margin
-
01 September 2010 7:14amPolice & Nurses Credit Society put its margins back in order over the last year and reported a 140 per cent rise in profit from 2009. PNCS made a net profit of $23.1 million for the year, and a return on members' funds of 13 per cent. » read more »
-
Basel III battle heating up
-
01 September 2010 7:12amThe contest over the final shape of the Basel III rules is now a behind-closed-doors battle between Germany, other European nations, Japan and the United States, reports this week suggest. » read more »
-
Home prices calm on command
-
01 September 2010 7:09amThe latest RP Data-Rismark home price data shows prices have changed little since March – a result that will please the Reserve Bank and help keep rates down. » read more »
- More props, not much more time for South Canterbury
-
31 August 2010 6:53amSouth Canterbury Finance looks likely to announce a reorganisation this morning that may take the form of a long anticipated "good bank, bad bank" solution. » read more »
-
Small ADIs lose momentum
-
31 August 2010 6:48amFinancial reports issued by small approved deposit taking institutions over the past month have been characterised by solid gains in earnings but weak underlying performance. Profits have come from reductions in expenses or changes to asset mixes, while revenue growth and lending growth have been subdued. » read more »
- Mobile money still batch processed
-
31 August 2010 6:47amANZ is promoting an iPhone application that allows customers to send money to anyone with an Australian bank account using only their mobile phone number as an identifier, ITNews reported. » read more »
- Merchants stranded for a day at CBA
-
31 August 2010 6:45amCommonwealth Bank’s merchant payment network could not process transactions for several hours yesterday, a service problem put down to a security upgrade implemented over the weekend. » read more »
- Customer data difficult to handle for some
-
31 August 2010 6:42amLimits in customer records mean that some banks will need as long as two years to adapt systems to meet the reporting requirements of APRA for the proposed financial claims scheme which will replace the guarantee on deposits that exists at present. » read more »
-
Banks may still need capital on securitised loans
-
30 August 2010 6:32amThe Australian Securitisation Forum has accused the Australian Prudential Regulation Authority of undermining the Government’s work to support small lenders, through its funding of Australian Office of Financial Management investment in RMBS issues, by changing the regulatory capital treatment of securitisation. » read more »
- AMP keeps stirring on Axa
-
30 August 2010 6:31amAMP is pushing for National Australia Bank and Axa Asia Pacific to make public a further contract that covers aspects of the proposed takeover by NAB of Axa AP and the subsequent divestment of Asian assets and select wealth management assets in Australia. The Financial Review reported on AMP’s agitation over this contract today.
» read more »
