Westpac claims one good year, promises more 07 November 2017 7:35PM Westpac chief executive officer Brian Hartzer and CFO Peter King were keen, both in their presentation to analysts and to the media later in the day, to highlight the strength of Westpac's balance she.. read more
Westpac pushed fixed rate loans over interest only 07 November 2017 6:49PM The "mix of flow" in the Westpac mortgage book has also been changing from interest-only loans in favour of fixed rate mortgages, according to the group's CFO Peter King. read more
ANZ in leading group of loan arrangers 07 November 2017 6:04PM The latest league tables from Thomson Reuters, for the year to end of October 2017, shows that ANZ retained its spot at number three on the Asia-Pacific (ex-Japan) mandated arranger table with 61 deal.. read more
RMBS investors spoilt for choice: 3 new deals launched 07 November 2017 6:02PM Three well-understood non-bank mortgage providers - Resimac, Columbus Capital and Liberty Financial - have each launched new residential mortgage backed securities transactions, seeking over A$1 billi.. read more
NAB full year results at a glance 03 November 2017 7:12PM On a cash basis, earnings were A$6.6 billion, up 2.5 per cent on the previous comparable period (and note: cash profit in 2016 excluded large one off losses from divestment of non-core businesses). read more
Deep, wide job cuts boost NAB's comeback 03 November 2017 6:16PM National Australia Bank's headline result, telling a tale of cash profit up 2.5 per cent to more than A$6.6 billion, was slightly overshadowed by the cutting of almost 20 per cent of the banking group.. read more
Comment: Comprehensive dummy spit from Bankers Association 03 November 2017 6:10PM If there is one thing the major banks agree on, it's that they don't like sharing, even when it will be for the greater good of the banking sector. And they seem to be slow learners, too. read more
Major banks shying away from Amex 02 November 2017 5:43PM Westpac announced on 1 November that they will no longer offer new American Express cards from 1 February 2018, with Westpac American Express cards to be phased out completely by 4 April 2018. read more
IMB gives AGM further growth plan details 02 November 2017 5:06PM Illawarra-headquartered financial services outfit IMB Ltd has re-announced its next voluntary off-market share buyback, seeking to buy back up to $13 million of shares. read more
ANZ mixes pain with gain 27 October 2017 5:54PM ANZ reported a A$6.9 billion cash profit, up 18 per cent on the previous year, as chief executive Shayne Elliott and his management team set about unashamedly restructuring operations to create a smal.. read more