REDS, Pepper on a roll

Seven hundred and fifty million dollars in funding for prime home loans for Bank of Queensland and $78 million for Pepper for a pool of non-conforming loans marked a decent Monday for enthusiasts of.. read more

Clamp on card offers proposed

Pre-approved increases in limits on credit cards will be made illegal by mid 2012 if a returned Labor government adopts a banking policy announced yesterday. read more

Greenstone spruiks investment grading

Greenstone Energy is marketing NZ$100 million of bonds through a retail offer that commenced on Friday. It is the first public debt offering from a business that acquired the retail and distribution.. read more

Orica taps US insurers

Orica Ltd early last week completed the placement of US$600 million of 10-, 12-, 15- and 20-year notes with margins ranging from 170 basis points to 205 bps over US Treasuries. The firm began soundi.. read more

Melbourne Airport refinances

Australia Pacific Airports Melbourne last week sold $350 million of bonds in four-year and three-year tranches. It priced $100 million of four-year debt at 160 basis points more than the swap rate a.. read more

Deposit pricing tough for ING

ING Bank (Australia) yesterday said it earned a net profit of $133 million in the the six months to June 2010, the first half of the bank's financial year. read more

Loan strife still dragging on bank profits

The net profit of Commonwealth Bank - at $5.66 billion in the year to June 2010 and up 20 per cent on 2009 - isn't really a record. In fact, thanks to the continuing annoyance of BankWest and its en.. read more

Fiji loss for CBA

Commonwealth Bank recorded a loss on sale of $30 million from its sale of Colonial National Bank to Bank South Pacific at the end of 2009, CBA's full year financials show. read more

Profit scraps in Asia

Commonwealth Bank yesterday reported a handful of data points on the earnings of its businesses in Asia as part of the bank's full year profit. read more