Rams helps Westpac increase deposit share 07 May 2013 4:44PM Westpac's Rams brand has attracted A$1.8 billion in deposits since its launch in May 2012 - A$600 million of that in the six months to March 2013. read more
Businesses won't borrow and won't pay 07 May 2013 4:42PM The outlook for demand for business credit remains worse than dour, if two periodic surveys, from Dun & Bradstreet and credit insurance broker NCI, are any guide. read more
Bank of Sydney in business 06 May 2013 4:45PM Beirut Hellenic Bank - the former Laiki Bank Australia - aims to cultivate a wider target market with a change of name. The bank will trade as Bank of Sydney from today. read more
Westpac managing like its 2006 06 May 2013 4:40PM The shareholder-friendly consequences of the pricing power of dominant banks was on display in Westpac's half-year profit, released on Friday, with the bank opting for a special dividend that will l.. read more
WIB under pressure 06 May 2013 4:38PM An increased appetite for corporate lending from reinvigorated banks in the northern hemisphere may put a brake on returns for wholesale banks in Australia. read more
Low return Macquarie stands by its model 06 May 2013 4:13PM Glimmers of improvement in the financial performance of Macquarie Group's more intractable businesses in the last half of its financial year are being viewed by management as grounds to stick with a.. read more
No rush on Genworth float 03 May 2013 4:33PM Genworth Financial is taking a flexible view on the timing of its planned float of a 40 per cent stake in its Australian mortgage insurance business. read more
ANZ back in covered bond market 03 May 2013 12:43PM ANZ provided a reminder of the tightening spreads on wholesale bank debt overnight, with the sale of €1 billion in seven-year covered bonds at a spread of 17 basis points over mid-swaps. read more
Bendigo and Adelaide buys another small mortgage book 02 May 2013 4:17PM Bendigo and Adelaide Bank will provide a safe exit for debenture investors in another Victorian debenture company. The bank said yesterday that it had "agreed to buy the loan book" of HD&C Secu.. read more
Beirut Hellenic's customers have a few anxious moments 02 May 2013 4:15PM The Cypriot heritage of Beirut Hellenic Bank had some impact on the bank's retail deposits in March, when the crisis in the troubled Mediterranean economy was at its peak. read more