Grange liquidators wear cost of mis-sold CDOs 24 September 2012 4:19PM The liquidators of Lehman Brothers Australia will have to compensate around 600 investors in toxic credit securities after the Federal Court ruled in favour of the plaintiffs in a class action on Fr.. read more
Ratings agencies' damage minimised in CDO ruling 24 September 2012 4:17PM The damage to the credit ratings agencies in the judgement on the class actions between three local councils and Lehman Brothers Australia over the investments in toxic debt instruments is merely re.. read more
IMF backs capital charge for Australian D-SIBS 21 September 2012 4:42PM Major banks in Australia need yet more capital, the International Monetary Fund argued in a review of macroeconomic policy published overnight. read more
Mutuals on capital hunt 21 September 2012 4:34PM A long-running project by mutual banks, building societies and credit unions to find investors in a tier-two capital instrument has secured clearance from the regulator, with marketing now finally g.. read more
RBA limits 2012 dividend 21 September 2012 4:29PM The Reserve Bank of Australia will once more pay a dividend to the Australian government following two years of losses. read more
Tarnished Note Printing in the red 21 September 2012 4:27PM A halving of export volumes and, most likely, a deluge of legal costs pushed Note Printing Australia into the red in the year to June 2012. read more
Downtime 'avoidable' in banking systems 20 September 2012 4:09PM Outages in banks' processing systems "are avoidable" and are the result of management weakness, APRA says in a newly published overview of industry risks. read more
Basel III costs no more than a 'rounding error' 20 September 2012 4:06PM The increase in the interest rate on any loan as a consequence of sturdier capital requirements for banks will be insignificant, an analysis published by APRA has found. read more
Deposit diversity needed soon, advises RBA 19 September 2012 5:06PM Banks may care to get a wriggle on and develop a more diverse funding profile ahead of the introduction of stiffer regulations on liquidity in 2015, says RBA governor Guy Debelle. read more
Litigants fail to pierce APRA's shield 19 September 2012 4:58PM APRA will not have to produce documents sought by plaintiffs in a class action relating to the timing and adequacy of disclosure by National Australia Bank. read more