50 bp rate cut on Tuesday

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

Derivative losses no constraint on ING Bank

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

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

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

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

EC prevails on card interchange

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