Experienced local vendors preferred for NPP

The process for selecting vendors for the New Payments Platform is chugging along, with the Australian Payments Clearing Association spelling out the pre-qualification method yesterday "to validate.. read more

Savings a struggle for many

Most Australian households have a relatively low stock of cash savings, and thus little scope to deal with an emergency, a periodic analysis by ME Bank, produced by the Economics & Beyond and Ba.. read more

Rural debt default expected by Joyce

A senior federal minister is expecting a significant default on farm sector loans and backing plans for a dedicated rural bank. The Australian reported that Barnaby Joyce, the minister for agricultur.. read more

Banks seek $344 billion in liquidity aid

Australia's largest 35 banks have projected that they will need to tap A$344 billion in "committed liquidity" from the Reserve Bank of Australia to meet new standards that come into force next year. read more

Shadowy bailout for China Trust

Conjecture over the stability of China's banking system is bound to ramp up after the recent decision the Industrial and Commercial Bank of China, the country's largest bank, made to facilitate an e.. read more

Confidence a tricky indicator

Half a dozen leading indicators monitored by Moody's Investors Service are either favourable or neutral for bank asset quality in Australia, according to an assessment published yesterday by the rat.. read more