50 bp rate cut on Tuesday 06 April 2009 5:10PM The cash rate in Australia will fall 50 basis points to 2.75 per cent on Tuesday if Alan Mitchell, economics editor of the Financial Review, is on the money. read more
Threat of penalty interest reduced 06 April 2009 5:08PM While more public relations than substance, there is some value in banks getting together to be a bit better at customer relations. read more
Business customers may wait for bank help 06 April 2009 5:07PM Retail customers get the PR-bundled, PM-endorsed version of help from banks. What do business customers get? read more
Derivative losses no constraint on ING Bank 03 April 2009 6:06PM It's handy for ING Bank (Australia) that whopping losses on derivatives, thanks to cash flow hedge accounting, affected only balance sheet reserves and did not get recognised in the income statement. read more
FSF now the Financial Stability Board 03 April 2009 6:06PM The Financial Stability Forum, a talking shop of international financial regulators, will be beefed up and renamed as the Financial Stability Board and its membership broadened as one of the decisions.. read more
Third line forcing fine by ASIC 03 April 2009 6:03PM The Australian Securities and Investments Commission raised no real objection to the proposed steering of customers of Wizard Home Loans to Aussie Home Loans under a controversial agreement in the dea.. read more
Few syndicated loans in first quarter 02 April 2009 5:44PM In one measure of the subdued demand in the debt capital market, banks finalised only US$5 billion in syndicated loans in Australia and New Zealand during the March 2009 quarter, down from US$21 billi.. read more
CBA extends points transfer for Qantas flyers 02 April 2009 5:40PM Commonwealth Bank may be the only bank affected by the last minute rush to transfer credit cards reward points to the Qantas frequent flyer program. read more
EC prevails on card interchange 02 April 2009 5:39PM The drawn-out struggle between MasterCard Worldwide and the European Commission over the level of interchange fees on card-based payments in Europe has finally been resolved. read more
No credit growth in February 01 April 2009 5:29PM Financial aggregates for February 2009 confirm that owner-occupied lending remains the only growth sector of the credit market. read more