Tag: Banking
Business bears brunt of interest margin increase
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]
EU targets traders in response to Greek crisis
The EU is considering a ban on the sort of complex financial instruments that may have contributed to Greece's economic crisis.[MORE]
Ex-Macquarie banker guilty of contempt
A former Macquarie Bank portfolio manager has pleaded guilty to a charge of breaching court orders, after trying to leave the country. [MORE]
Demolishing the entire superannuation system
Is it worth having workers' retirement savings put at risk, and traded at the mercy of the market?[MORE]
Financial crisis 'a bonanza' for big banks
While the financial crisis saw banks around the world collapse, the crisis has proved to be a bonanza for Australia's main banks.[MORE]
ANZ subsidiary linked to Cambodian army
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]
St George sorry for banking blooper
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]
NAB matches RBA rate rise
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]
Westpac raises rates in line with RBA's move
Westpac has become the latest major Australian bank to announce it will increase its variable mortgage rate by 25 basis points.[MORE]
Greens move to axe fee for using rival ATM
The Australian Greens will move in the Senate to ban banks from charging non-customers $2 to use their ATMs.[MORE]
Executive incentives unsustainable: banking watchdog
Banking executives who rake in big salaries and bonuses despite the global financial crisis might soon find themselves on less lucrative deals.[MORE]
Supervision system inspires 'cavalier' bankers
One of the world's top financial regulators has launched a scathing attack on the global system of banking supervision.[MORE]
Double dip recession looms: OECD economist
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]
ANZ's earnings rise 16 per cent
ANZ Bank has made a $1.6 billion cash profit in the first four months of its financial year.[MORE]
CBA to outline storm compo
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]
RBS chief waives bonus after public outcry
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]
Storm clients able to reject compo deals
Some former Storm Financial clients urged to reject compo offers from the Commonwealth Bank if they are not satisfied.[MORE]
More banks urged to deliver Storm compo
A former Storm Financial client says even a small amount of compensation from the Commonwealth Bank will make a big difference.[MORE]
Suncorp warns economic weather could turn ugly
Suncorp's CEO has cut the company's dividend to conserve capital in case the economic 'weather turns ugly'.[MORE]
Mining boom here to stay, says RBA
The Reserve Bank's deputy governor says the financial crisis is history and Australia's "very big" mining boom is here to stay.[MORE]
Bank agrees to Storm compensation deal
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]
Building society boosts profits
The Queensland building society, Wide Bay Australia, has announced a 21 per cent increase in first-half profits. [MORE]
NAB earnings update disappoints
The National Australia Bank's announced its earnings were unchanged in the December quarter compared with the same time a year earlier.[MORE]
AMP 'patient' over Axa bid, may increase offer
The wealth manager AMP is expecting its takeover battle for its rival AXA Asia Pacific Holdings to be drawn out.[MORE]
Colonial closes major mortgage fund
One of the country's biggest investment houses has closed its major mortgage fund which holds $850 million.[MORE]
