Agile banks needed to restore trust 24 October 2012 5:38PM Banks need to adapt their business models to cater to the demands of a restless public whose trust in the industry, globally, "is at an all-time low", says ANZ's Australian CEO, Phil Chronican. read more
T-note floor scrapped 24 October 2012 5:37PM A change in the funding policy of the Australian government may drive investors, including managers of the liquidity books of banks, to reconsider their options. read more
Corporate tax payments pulled forward 23 October 2012 5:19PM Lenders will have to review the cash flow models of 10,500 companies affected by an Australian Government decision to make larger businesses pay their company tax payments monthly rather than quarte.. read more
Robo support for NAB staff 22 October 2012 5:19PM NAB's frontline will have to rely on their peers and a database of answers to frequently asked questions if they are to resolve thorny customer problems from now on, as the bank closes down a long-s.. read more
Risk models let NAB down 22 October 2012 5:17PM Six months after saying that its models were "improving" and that there was "a lesser requirement for collective provisions", National Australia Bank has had to top up those provisions in the final.. read more
CUA earns S&P upgrade 22 October 2012 5:12PM Standard & Poor's said it had raised its long-term issuer credit rating on Credit Union Australia to BBB+, from BBB. read more
Deposit pricing a brake on small bank profits 19 October 2012 5:40PM The severity of competition for term deposits put a brake on Bank of Queensland's return to profit over the half year to August 2012. read more
Investment backlog bugs BOQ 19 October 2012 5:34PM Most documents travel between Bank of Queensland offices by fax, courier and mail, CEO Stewart Grimshaw told an investor briefing yesterday to illustrate the investment spend facing the group. Stre.. read more
Loan rush limits Gateway's profit 18 October 2012 5:33PM Gateway Credit Union met its target for super-charged asset growth but missed a profit target in the year to June 2012. read more
Debt is not in the business plan 17 October 2012 5:42PM Australian businesses have adapted well to volatile market conditions and can deal with uncertainty, says a senior business banker. read more