Bank capital shortfall equal to six months' profit 20 March 2013 5:57PM The world's largest and most active banks need €208.2 billion to meet minimum capital requirements, fresh estimates released by the Bank for International Settlements last night show. read more
Banks pay price for ratings caution 20 March 2013 5:55PM Banks may be paying higher interest rates on relatively short-term deposits as a form of insurance against the prospect of a cut in their credit ratings were they to source more funding from wholesa.. read more
MLC impairment $500 million 19 March 2013 5:37PM The clock may be ticking for National Australia Bank over an overdue write-down of goodwill on its wealth management arm, which comprises MLC and other smaller holdings. read more
Cuscal sells ClickSuper 19 March 2013 5:33PM Cuscal is to sell its superannuation payments processing business ClickSuper to its collaborator in the service, Payment Adviser. read more
High Court agrees to hear Bell appeal 18 March 2013 5:40PM The High Court of Australia will hear an appeal by a syndicate of banks led by Westpac over a ruling by the Court of Appeal in Western Australia concerning the banks' disputed position as secured cr.. read more
Macquarie settles Storm claims 18 March 2013 5:38PM Macquarie Group said on Friday that it had settled the litigation over its connection with, and funding of, investors advised by Storm Financial. read more
Wide Bay a buyer of loan books 18 March 2013 5:36PM Wide Bay Australia says it will buy home loan and business loan books should any opportunities arise. read more
NAB briefing ho hum for sell side 15 March 2013 5:42PM Banking analysts on the sell side saw this week's National Australia Bank strategic briefing as a chance to tinker with their models and update valuations, rather than adjust their thinking on the b.. read more
Time for NAB to lift returns 14 March 2013 5:54PM When Cameron Clyne took the helm as CEO of National Australia Bank, in late 2008, the bank had recently reported a profit with a return on equity (on a cash basis) of 14.3 per cent; this was well be.. read more
Mid-market businesses want less debt 14 March 2013 5:50PM Mid-market businesses on the whole plan to borrow less rather than more this year, research by GE Capital and the Australian Graduate School of Management has found. read more