Suncorp Bank prices A$950 million five year covered bond 24 October 2014 4:56PM Late yesterday, following on from its annual general meeting, Suncorp Bank announced it had priced its new five-year covered bond transaction, launched earlier in the day. read more
Cash is invisible to corporate treasurers 24 October 2014 4:55PM According to the latest "Corporate Treasury and CFO Outlook" survey of 30 corporate finance execs in Australia by BNP Paribas, an often overlooked issue facing companies is just how much cash they act.. read more
Australian equities houses overpay ASX fees 24 October 2014 4:54PM An industry-funded research report commissioned by a group of ten equities market clearing participants - including Pershing, Citi, Deutsche Bank, Credit Suisse, Morgan Stanley and Bank of America Mer.. read more
Briefs: ING Direct drops intro rate, CBA lifts adviser standards, UK banker quits over prison threat 24 October 2014 4:52PM As part of its strategy of converting more of its customers to "main financial institution" customers, ING Direct has dropped the 125 basis point intro rate on its Savings Maximiser product and introd.. read more
APRA keen to avoid home loan and deposit intervention 23 October 2014 5:24PM The Australian Prudential Regulation Authority's chairman, Wayne Byres, appeared before the Senate Standing Committee on Economics yesterday and raised "two issues of current interest", namely t.. read more
Briefs: Clarification on Global IME Bank, ex-Westpac exec joins IMB, NZ Court rules on lenders' fees 23 October 2014 5:21PM A clarification arising from yesterday's Banking Day bulletin: the Nepal bank Global IME Bank Limited is licensed by APRA to operate a representative office only in Australia. Global IME does not hold.. read more
Slow run to digitisation holding BOQ back 10 October 2014 5:05PM The question of risk weighting of assets, particularly mortgages, is a topic that Bank of Queensland's acting CEO, Jon Sutton, was keen to explore at the bank's annual profit announcement yesterday. read more
NAB comes clean on more impairments from UK, NextGen 10 October 2014 5:04PM Yesterday, National Australia Bank decided to fess up and admit its 2013/14 full year profits will be taking hits from several big ticket items: provisions and payouts for its UK business, capitalised.. read more
Briefs: Macquarie BCN raises A$429m, Australia ranks high in e-trade readiness, CBA relents on Trave 09 October 2014 5:25PM Macquarie Bank closed its offer of Macquarie Bank Capital Notes hybrids yesterday, raising A$429 million after setting a target of $400 million at launch. read more
Volume and mix of home loans in transition 03 October 2014 4:22PM The volume of mortgages being written is edging up, and the percentage that are fixed rate loans is also on the rise, according to two of the nation's largest mortgage networks. read more