Brand spend working for BPay

A survey by TNS, commissioned and published by BPay over payments preferences, revealed a "continued decline in traditional payment methods as the online channel continues to grow." read more

Chill descends over HSBC profit

The Australian banking business of HSBC managed to lose money in almost the most remote place possible during 2008, taking an unspecified hit from "an exposure to an Icelandic bank". read more

Moody's backtracks on ratings

The improved credit ratings handed out - amid controversy - by Moody's Investors Service to a range of Australian banks in May 2007 are now under review. read more

ANZ takes aim at RBS Asia

ANZ may be preparing to bid for most of the Asian operations of Royal Bank of Scotland, possibly for as much as US$3 billion, the South China Morning Post reported on Saturday. read more

Modest rise in defaults at QBE LMI

QBE on Friday said it recognised gross earned premium from its new lenders mortgage insurance business of $203 million in the year to December 2008, and up from $194 million in gross earned premium in.. read more

HBOSA bruised by property lending

A five-fold increase in impaired loans and a four-fold increase in loan write-offs have dented, but not devastated, the earnings of HBOS Australia, a banking business now owned by Lloyds TSB. read more

Phase two of the crisis

In a briefing yesterday ANZ's managing director, Mike Smith, described the global financial crisis as now being in "phase two, where we are seeing bad debts emerge from the commercial sector, and from.. read more

Bank profits safe for now

ANZ yesterday reinforced the message that there's plenty of earnings capacity, and pricing power, among Australia's leading banks, and thus for now at least little likelihood that the developing globa.. read more

Dividend cut by a quarter at ANZ

ANZ annoyed some investors and encouraged others with the announcement of the decision to cut the dividend by 25 per cent, a step that will allow the bank to retain about $500 million in capital this.. read more

APRA lessens liquidity checks

In one measure of the improved liquidity profile of banks, and of improved liquidity management practices, APRA has redeployed a special team set up to more closely monitor this aspect of bank operati.. read more