Banks pay price for ratings caution

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

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

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

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

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

NAB briefing ho hum for sell side

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

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

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