Macquarie as optimistic as ever 04 November 2013 5:42PM Three of Macquarie Group's three main divisions are finally paying their way, while the rest continue to drag on the group's returns. read more
Westpac calls up new operating model 04 November 2013 5:37PM Many jobs at Westpac's contact centres will have their job descriptions updated over the next 14 months as the bank adopts a new "national operating model". read more
D-SIB standard to be made clear 01 November 2013 5:40PM The Australian Prudential Regulation Authority said it would publish "the key elements of its methodology" for assessing domestic systemically important banks, or D-SIBs, by the end of the year. read more
Acceptable UK returns elude NAB 01 November 2013 5:20PM Eighteen months ago National Australia Bank opted for a restructure of its UK banking arm that David Thorburn, the UK chief executive said "will reduce the risk profile of the business and deliver ret.. read more
Credit licensing compliance checked 31 October 2013 5:15PM Word on the need for a credit licence is still filtering through to lenders and brokers, more than three years after the policy became law. The annual review of the Australian Securities and Investm.. read more
Planned profits suit ANZ 30 October 2013 6:51PM ANZ hit many financial targets and provided a robust defence of the progress of its strategy in Asia in its annual profit announcement, which was released yesterday. It is a result that defies the.. read more
'Asian ROE as high as 25 per cent' 30 October 2013 6:48PM Scepticism over the level and sustainability ANZ's returns from its operations is a long-running theme of this newsletter's coverage of the bank, and a view beginning to find an airing among influen.. read more
Board renewal spurs mutual mergers 30 October 2013 6:46PM APRA still "does not have a view on the 'right' size of the credit union industry or the 'right' number of credit unions", APRA chair John Laker told an industry convention yesterday. read more
Genworth doing better 30 October 2013 6:43PM The asset quality issues of lenders that have bugged the earnings of mortgage insurer Genworth in Australia are starting to improve, while new business levels are also improving. read more
Hamstrung Bendigo looks ahead 29 October 2013 5:04PM Mike Hirst, managing director of Bendigo and Adelaide Bank, used the bank's annual general meeting yesterday to outline some issues the bank wants addressed at the forthcoming financial system inqui.. read more