491

The Reserve Bank of New Zealand said yesterday that it trusted that banks would, on this occasion, "pass on a lot" of the reduction in the cash rate pushed through by the RBNZ yesterday. The official.. read more

Steadily worsening trading conditions for business customers, especially over the month of March, explain the surprise experienced by banks themselves, as much as by investors in bank securities, at t.. read more

One reason ANZ surprised itself, and the market, over the level of bad debt among businesses was that the bank failed to notice until very late in the half year the increasingly difficult circumstance.. read more

ANZ has a target of earning 20 per cent of its profit from banking businesses in Asia and, on the woolly numbers for the March 2009 half, is half way there. The Asia businesses, which are a collection.. read more

The adaptation of risk management systems and business practices at ANZ to conform to the requirements of the Basel II regime for working out risk weights and thus capital levels was a bit of a rush j.. read more

National Australia Bank said it took a provision of $65 million this half "with respect to long-standing legal proceedings where settlements are imminent". read more

NAB appears to have spent at least $30 million, and maybe the best part of $55 million, in the March 2009 half year in setting up the basis of its new core banking system, disclosures in the bank's fi.. read more

Professional worry warts have long wondered whether lenders' mortgage insurers would prove fair-weather friends to Australia's banks - and there's some evidence in NAB's half year profit that that may.. read more

ANZ may have to search for a new successor with the requisite experience in Asia to replace Charles Goode as chair of the bank's board, with widespread reports that Rod Eddington, his designated repla.. read more

Banks have not reduced interest rates for business customers at all over the last months and have in fact increased interest rates for more than two thirds of customers, research by East & Partner.. read more