Bank of Sydney in business

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

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

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

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

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

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