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Yield declines at RHG
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26 August 2010 6:42amA slowdown in the rate of runoff in loans of RHG Group only partly offset a higher cost of funds that is chipping away at the yield that the company can earn on the back book of the former Rams Home Loans Group. » read more »
- Minnows vulnerable as guarantee deadline looms
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26 August 2010 6:42amWith less than two months to go for the expiry of the New Zealand government’s retail guarantee scheme and with just a handful approved for extension, worries are growing that the finance sector will see a spate of collapses unless the government pledges some support. » read more »
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Downgrade for ASB
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26 August 2010 6:41amASB Bank’s search for more opportunities in business lending has led to a cut in one variety of the credit ratings applied by Moody’s Investors Service. Moody’s cut ASB’s bank financial strength rating to C+ from B-. » read more »
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ASIC’s retail bond rules need some fine-tuning
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26 August 2010 6:41amThe arranger of Primary Health Care’s $125 million bond issue, National Australia Bank, has recommended that the Australian Securities and Investments Commission make some minor adjustments to its prospectus relief provisions. » read more »
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Current jobs in banking and finance
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26 August 2010 6:40am
- Corporate lending up and down at Macquarie
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25 August 2010 7:18amThe quarterly disclosure document for Macquarie Bank, released yesterday, serves as a reminder of the world of difference, so far as gaining insight into a banking business is concerned, provided by this report and other records such as financial statements or banking statistics from APRA. » read more »
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Perpetual corporate trust hit by margin squeeze
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25 August 2010 7:17amPerpetual achieved significant growth in its corporate trust division during the 2009/10 financial year but it was at the cost of margin and earnings. » read more »
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Election sensitivity pushes out rate rises
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25 August 2010 7:16amOne likely result of the weekend’s election dead-heat is to further delay any plans by the major banks for new lending rate rises. » read more »
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New merchant finance division to drive Flexi
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25 August 2010 7:11amMerchant finance, a new commercial leasing business staffed by former CIT executives, will form the core of the growth plans for FlexiGroup over the coming year, as the niche financier seeks to broaden its revenues and customers away from small ticket leasing over items such as laptop computers. » read more »
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Customer satisfaction a zero sum game
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25 August 2010 7:10amThe harder banks work at their retail customer satisfaction scores the less competitive advantage they get out of them. The latest Roy Morgan Research consumer banking customer satisfaction report, released yesterday, shows a 4.5 percentage point spread between the big four banks – the narrowest gap in a decade. » read more »
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ANZ eftpos system down
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25 August 2010 7:01amANZ customers were unable to use point of sale facilities for much of yesterday, according to a report in the IT news site ZDNet. » read more »
