319

The need for the Australian banking guarantee had its origins in a series of bleak high-finance meetings held in Washington in the October of 2008. So says Jim Chalmers, then chief of staff to former.. read more

Commonwealth Bank has withheld its consent for the proposed sale of PR Finance Group to Keybridge Capital, a deal needed to avoid a default on the part of the consumer financier. read more

APRA is alive to the use of macroprudential policy tools, its general manager, David Lewis, says. He told a Canadian banking conference that APRA had a preference for "risk-based supervision" and al.. read more

Bank of Sydney says it had "anticipated" the outflow of deposits experienced in recent months. read more

A further wave of job cuts may be on the way at National Australia Bank. The Finance Sector Union yesterday said NAB advised that "between now and September 30 there will be significant change." read more

Competition has worked well in the banking industry in Australia and it is a mistake to view the financial sector as "too big", says Rodney Maddock, adjunct professor in economics at Monash Universi.. read more

The number of borrowers in arrears on their home loans in some areas may not improve, leaving lenders facing losses, an analysis by Fitch Ratings of loan delinquencies suggests. read more

KPMG will be the program manager for the real-time payments program being coordinated by the Australian Payments Clearing Association. read more

A "sudden-stop" scenario regarding access to offshore funding is one of the chief vulnerabilities for banks "and, by extension, the Australian government", says Moody's. read more

Banks have won more time from the Australian government to negotiate the detail of planned changes to the offshore banking unit regime. read more