- Customer data difficult to handle for some
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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 »
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Banks may still need capital on securitised loans
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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
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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.
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- Escalating tax debts rumoured
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30 August 2010 6:30amRumours of a blowout in small business tax debts get an airing in The Australian today. » read more »
- Bank profits not so super
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30 August 2010 6:28amBank profits in Australia fell five per cent to $17.5 billion in the year to March 2010, the latest overview of the financial performance of the sector published by APRA shows. » read more »
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ANZ slims further in NZ
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30 August 2010 6:28amA surge in other operating income and a small rise in the impairment provision led to improvement in ANZ National’s profitability in New Zealand in the recent quarter. » read more »
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ANZN staff spurn pay offer
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30 August 2010 6:27amWestpac’s pay rise offer has been accepted by Finsec members working at the bank in New Zealand but ANZ National’s proposed increase has been rejected and a protest has been planned. » read more »
- Snowball in the pink at Suncorp
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30 August 2010 6:27amSuncorp Metway chief executive Patrick Snowball is the subject of a pretty mild news features in the Courier Mail today. » read more »
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Debut dividend for Customers
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27 August 2010 6:25amATM operator Customers Limited yesterday declared its debut dividend of eight cents a share, one of the fruits of the shift in the fee regime that applies to the use of automatic teller machines. » read more »
- Cabcharge losing market share
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27 August 2010 6:25amThe emergence of alternative payment mechanisms for the taxi industry may be chipping away at the turnover and profits of Cabcharge, the firm that once held a stranglehold on this service. » read more »
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Macquarie upsizes RMBS
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27 August 2010 6:25amMacquarie Securitisation has increased the size of its latest bond issue, Puma Masterfund P-16, from $500 million to $750 million. Price is between 60 and 115 basis points over the 30-day bank bill swap rate on those tranches where pricing was disclosed. » read more »
