Status quo for RHG

An effort by a group of activist shareholders to win a spot on the board of RHG failed yesterday. Only 30 per cent of shareholders voting at the annual meeting voted in favour of a motion to elect Ste.. read more

iCash finds backers

A number of high net worth retail investors and also some institutional investors are buying the growth story of automatic teller machine deployer iCash Payments, though the story is proving to be a s.. read more

Multiple owners for ATMs

With iCash Payments generating some investor attention on the ASX there are now two listed companies in the specialist segment of owning and operating automatic teller machines. Customers Limited is t.. read more

Some CUBS dependent on a few large depositors

APRA chief John Laker used a talk to the Abacus conference in Brisbane on Tuesday to stress the need for credit unions and building societies to put even more effort into modelling their cash flows an.. read more

RBA reminder on rates reversal

RBA governor Glenn Stevens used last night's speech to reiterate one recent theme: the reversal, to a greater or lesser extent, of the fairly deep and fairly rapid cuts in the cash rate late last year.. read more

Discounting a drag on Westpac

The Westpac profit for the second half of its financial year seems to make Westpac the odd bank out in the reporting season that drew to a close yesterday. Westpac's banking businesses, in Australia,.. read more

No bank likes the liquidity rules

Westpac management yesterday chimed in with their own reservations on the implications of the revised policy on liquidity proposed by APRA, and which would require much more stringent liquidity buffer.. read more

British banking break-up detailed

The plan for the partial break-up of Britain's two state-owned banking behemoths is now public, rather than simply speculative, providing a few investment options for National Australia Bank in a bank.. read more