Suncorp happy with banking 29 October 2009 5:31PM Suncorp's banking arm is "core to the group", the insurer's new CEO, Patrick Snowball, told the annual meeting in Brisbane yesterday. read more
ROE mirage for NAB 29 October 2009 5:28PM Whether National Australia Bank's management really mean it, is doubtful, but one morsel of aspiration (you wouldn't call it guidance) offered up yesterday by management in the investor briefing on th.. read more
Second half loss for NAB 29 October 2009 5:28PM The profit highlights of National Australia Bank for 2009 are principally lowlights, and feature skinny profits in Britain and New Zealand, bad debts escalating as rapidly in the second half as in the.. read more
Operational risks rising at NAB 29 October 2009 5:27PM One detail itemised by National Australia Bank at note 4 to its 2009 full year accounts is the "charge to provide for operational risk event losses". read more
A capital planning conundrum 29 October 2009 5:26PM One topic that the dreamier followers of banks would like clear guidance on from banks at the moment is their capital management. They are unlikely to receive much. read more
Export finance available, but not in demand 28 October 2009 5:42PM One interesting indicator of the subdued demand from businesses for credit is the annual report of the Export Finance and Insurance Corp, one of the Australian government's few remaining financing bus.. read more
ING exits insurance and sticks to banking 27 October 2009 5:54PM ING will divest itself of its insurance and asset management businesses worldwide, and also sell its ING Direct banking business in the United States. Select banking businesses in its home market in t.. read more
Johansen frets over banking hazards 27 October 2009 5:52PM Robert Johansen, chair of Bendigo and Adelaide Bank, chimed in on the debate over the consequences of the extensive government financial aid to banks, worldwide, at the bank's annual meeting yesterday.. read more
Bendigo limited by funding options 27 October 2009 5:52PM Bendigo and Adelaide Bank remains worried over the availability, and price even if available, of retail and wholesale funding. So in turn, the bank wonders about its ability to effectively compete eve.. read more
Banking consensus on Eftpos fee shift 27 October 2009 5:49PM The usual line-up of protagonists mailed, or emailed, in pretty predictable submissions to the Payments System Board over the PSB's plans to loosen the controls on the setting of interchange fees on E.. read more