UBS faces $260m hit on NAB exposure

The Australian arm of Swiss investment bank UBS AG has amassed a 2 per cent stake in National Australia Bank following the completion of a hybrid conversion program on Monday. read more

Afterpay honeymoon is done

The massive valuation premium that has adorned the share price of investor darling Afterpay in the last year has been blown away in a few days. read more

ANZ's $20bn oil and gas headache

Skittish investors appear to have turned a spotlight on the credit risks linked to ANZ Bank's comparatively heavy exposure to borrowers in the oil and gas industry. read more

Fat premium for new Bendigo shares

Bendigo and Adelaide Bank appears set to proceed with its retail capital raising even though the company's offer price was set on Monday at a 11 per cent premium to the market value of the scrip. read more

ASIC launches court actions against CBA

ASIC last night launched a wave of legal action against Commonwealth Bank over the marketing of the AgriAdvantage Loyalty Plus package, claiming the bank pocketed millions after it overcharged fees an.. read more

Bendigo may have to bin capital raising

Bendigo and Adelaide Bank is facing the prospect of having to abandon a $50 million capital raising through a share purchase plan following a sharp slide in the company's stock price this week. read more

Medcraft's hybrid nightmare is almost reality

In 2017, former ASIC chairman Greg Medcraft described hybrid securities as a "ridiculous" investment for retail investors. Now the trading value of bank-issued hybrid securities is being crunched on t.. read more

Covid clears Westpac HQ

Westpac is reconfiguring its treasury and institutional banking operations to mitigate virus risks, which are escalating within the bank. read more