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Tag: Banking

Business bears brunt of interest margin increase

March 12, 2010 12:21:00

A Reserve Bank report estimates the major banks have enjoyed a 20 to 25 basis point increase in interest margins during the financial crisis.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, international-financial-crisis, money-and-monetary-policy, australia

EU targets traders in response to Greek crisis

March 10, 2010 16:00:00

The EU is considering a ban on the sort of complex financial instruments that may have contributed to Greece's economic crisis.[MORE]

Tags: business-economics-and-finance, banking, business-regulation, government-and-politics, world-politics, international-financial-crisis, money-and-monetary-policy, greece, united-states

Ex-Macquarie banker guilty of contempt

March 9, 2010 16:36:00

A former Macquarie Bank portfolio manager has pleaded guilty to a charge of breaching court orders, after trying to leave the country. [MORE]

Tags: business-economics-and-finance, banking, fraud-and-corporate-crime, australia, nsw, sydney-2000, wa, perth-6000

Demolishing the entire superannuation system

March 9, 2010 07:35:00

Is it worth having workers' retirement savings put at risk, and traded at the mercy of the market?[MORE]

Tags: business-economics-and-finance, industry, banking, superannuation, australia

Financial crisis 'a bonanza' for big banks

March 4, 2010 22:02:00

While the financial crisis saw banks around the world collapse, the crisis has proved to be a bonanza for Australia's main banks.[MORE]

Tags: business-economics-and-finance, industry, banking, international-financial-crisis, australia

ANZ subsidiary linked to Cambodian army

March 4, 2010 00:26:00

A subsidiary of one of Australia's largest banks has denied it's involved in a scheme that links private businesses and Cambodian military units.[MORE]

Tags: business-economics-and-finance, industry, banking, defence-and-national-security, world-politics, australia, cambodia

St George sorry for banking blooper

March 3, 2010 20:41:00

St George Bank has apologised for an error that caused other people's transaction details to be sent to more than 40,000 customers.[MORE]

Tags: business-economics-and-finance, industry, banking, australia

NAB matches RBA rate rise

March 3, 2010 16:00:00

The National Australia Bank has raised its interest rate on home loans by 25 basis points, matching the Reserve Bank of Australia's (RBA) rate rise.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, australia

Westpac raises rates in line with RBA's move

March 3, 2010 08:41:00

Westpac has become the latest major Australian bank to announce it will increase its variable mortgage rate by 25 basis points.[MORE]

Tags: business-economics-and-finance, company-news, economic-trends, banking, money-and-monetary-policy, australia

Greens move to axe fee for using rival ATM

March 3, 2010 07:47:00

The Australian Greens will move in the Senate to ban banks from charging non-customers $2 to use their ATMs.[MORE]

Tags: business-economics-and-finance, industry, banking, government-and-politics, greens, australia

Executive incentives unsustainable: banking watchdog

March 2, 2010 08:30:00

Banking executives who rake in big salaries and bonuses despite the global financial crisis might soon find themselves on less lucrative deals.[MORE]

Tags: business-economics-and-finance, industry, banking, business-regulation, international-financial-crisis, australia, vic, melbourne-3000

Supervision system inspires 'cavalier' bankers

March 1, 2010 21:44:00

One of the world's top financial regulators has launched a scathing attack on the global system of banking supervision.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, finance-markets, international-financial-crisis, money-and-monetary-policy, australia, vic, melbourne-3000, netherlands

Double dip recession looms: OECD economist

February 28, 2010 17:11:00

One of the OECD's leading economists says there is a strong chance that the world's leading economies could quickly slide back into recession.[MORE]

Tags: economic-trends, industry, banking, international-financial-crisis, australia

ANZ's earnings rise 16 per cent

February 26, 2010 11:13:00

ANZ Bank has made a $1.6 billion cash profit in the first four months of its financial year.[MORE]

Tags: business-economics-and-finance, company-news, banking, australia

CBA to outline storm compo

February 26, 2010 08:20:00

The Commonwealth Bank will meet former Storm Financial clients in Townsville, in north Queensland, on Saturday, to explain the details of its compensation deal.[MORE]

Tags: business-economics-and-finance, industry, banking, cairns-4870, townsville-4810

RBS chief waives bonus after public outcry

February 25, 2010 23:04:00

The Chief Executive Officer of the Royal Bank of Scotland (RBS) has waived his annual bonus due to public anger over the issue of salaries and bonuses for banking executives. [MORE]

Tags: business-economics-and-finance, banking, international-financial-crisis, united-kingdom

Storm clients able to reject compo deals

February 25, 2010 08:28:00

Some former Storm Financial clients urged to reject compo offers from the Commonwealth Bank if they are not satisfied.[MORE]

Tags: business-economics-and-finance, company-news, consumer-protection, banking, australia, qld, cairns-4870, townsville-4810

More banks urged to deliver Storm compo

February 24, 2010 13:36:00

A former Storm Financial client says even a small amount of compensation from the Commonwealth Bank will make a big difference.[MORE]

Tags: business-economics-and-finance, consumer-protection, industry, banking, business-regulation, australia, qld, townsville-4810

Suncorp warns economic weather could turn ugly

February 24, 2010 10:38:00

Suncorp's CEO has cut the company's dividend to conserve capital in case the economic 'weather turns ugly'.[MORE]

Tags: business-economics-and-finance, company-news, banking, insurance, stockmarket, australia, qld

Mining boom here to stay, says RBA

February 24, 2010 09:02:00

The Reserve Bank's deputy governor says the financial crisis is history and Australia's "very big" mining boom is here to stay.[MORE]

Tags: economic-trends, industry, banking, mining, australia

Bank agrees to Storm compensation deal

February 24, 2010 07:33:00

More than 2,000 victims of the Storm Financial collapse will soon be able to access millions of dollars in compensation under a deal with the Commonwealth Bank. [MORE]

Tags: industry, banking, australia, qld, townsville-4810

Building society boosts profits

February 23, 2010 14:50:00

The Queensland building society, Wide Bay Australia, has announced a 21 per cent increase in first-half profits. [MORE]

Tags: business-economics-and-finance, industry, banking, australia, qld, bundaberg-4670

NAB earnings update disappoints

February 19, 2010 11:41:00

The National Australia Bank's announced its earnings were unchanged in the December quarter compared with the same time a year earlier.[MORE]

Tags: business-economics-and-finance, company-news, banking, australia

AMP 'patient' over Axa bid, may increase offer

February 18, 2010 14:07:00

The wealth manager AMP is expecting its takeover battle for its rival AXA Asia Pacific Holdings to be drawn out.[MORE]

Tags: business-economics-and-finance, company-news, banking, takeovers, australia

Colonial closes major mortgage fund

February 17, 2010 13:44:00

One of the country's biggest investment houses has closed its major mortgage fund which holds $850 million.[MORE]

Tags: business-economics-and-finance, company-news, banking, housing, international-financial-crisis, australia