Attractive profit margins in merchant services 04 November 2009 5:28PM One item in the Royal Bank of Scotland announcement on its forced divestment of select businesses is the details relating to its Global Merchant Services division. The EU is forcing RBS to sell this a.. read more
Short-term rates thinking at Westpac 04 November 2009 5:27PM With its full-year profit to announce today Westpac must have felt the need for some public relations posturing in the context of having to announce a 25 basis point increase in its standard home loan.. read more
FirstMac profitable after the slump 03 November 2009 5:55PM Mortgage funder FirstMac yesterday reported its financial results for the 2009 financial year, with a net profit of $14.7 million, an increase of more than three times on 2008 and described as "a reco.. read more
$1.3bn in fees for Federal backstop 03 November 2009 5:52PM Updated budget papers for the Australian government provide some more data on the use by financial institutions of the various guarantee schemes on bank liabilities. read more
Gas crash a lesson for Macquarie 02 November 2009 5:50PM Amid the smorgasbord of write-downs and revaluations that coalesces with the everyday revenue flows from interest income (flat), fees (flat) and trading income (up) for the Macquarie Group in its Sept.. read more
Macquarie Bank gets capital 02 November 2009 5:49PM Macquarie Group chipped $675 million into its banking subsidiary during the first half of the group's financial year. read more
No capital relief for banks 30 October 2009 5:11PM ANZ yesterday brushed away one of the stranger ideas to circulate in Australian investment circles over the last six weeks, namely the notion that banks could be considered to have surplus capital and.. read more
NAB picks cream of RHG loans 30 October 2009 4:51PM The cherry picking of the mortgage book of RHG by the firm's bankers is underway. RHG told the ASX yesterday that National Australia Bank enforced rights to buy $440 million worth of home loans at par.. read more
Sorting out the systems mess the Suncorp priority 29 October 2009 5:32PM Sorting out the jumble of Suncorp's legacy systems looks to be the top priority of the insurance and banking group's new chief executive, Patrick Snowball. read more
Tax Office debts take off 29 October 2009 5:32PM Tax debts owed by business and households climbed by 12 per cent in the year to June 2009, the annual report for the Australian Taxation Office shows. Collectable debt increased by only one per cent i.. read more