Major banks agree to repayments holiday in NZ 25 March 2020 5:32PM The Kiwi subsidiaries of Australia's four big banks yesterday agreed to a loan repayment holiday for mortgage and business borrowers for the next six months. read more
UBS faces $260m hit on NAB exposure 24 March 2020 5:08PM 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 19 March 2020 5:14PM 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 19 March 2020 5:13PM 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 17 March 2020 5:06PM 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 17 March 2020 5:03PM 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 13 March 2020 5:17PM 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 13 March 2020 5:07PM 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
Banks cop earnings downgrades 12 March 2020 3:50PM Banks will sacrifice revenue to rebuild their reputations, with a bad debt wave ahead. read more
Covid clears Westpac HQ 12 March 2020 3:47PM Westpac is reconfiguring its treasury and institutional banking operations to mitigate virus risks, which are escalating within the bank. read more