Cheaper wholesale funding suits CBA 14 February 2013 6:13PM Commonwealth Bank is to use cheaper wholesale funding in preference to more expensive retail deposit funding, the bank said yesterday. read more
Technology drives CBA's retail bank gains 14 February 2013 6:09PM By June this year Commonwealth Bank will have completed its six-year core banking modernisation program. By then commercial lending will have migrated to the new system and the big IT project will b.. read more
More CBA investment in China and Indonesia 14 February 2013 6:08PM Net profit for Commonwealth Bank's Asian operations increased 24 per cent, to A$47 million, in the December half. read more
ASIC proposes liquidity targets for debenture funds 14 February 2013 6:01PM The Australian Securities and Investment Commission will tighten financial targets for debenture issuers, if it adopts policies outlined in a consultation document released yesterday. read more
Innovia buys RBA out of Securency 13 February 2013 5:32PM Innovia Films said yesterday that it would buy the Reserve Bank of Australia's 50 per cent share of Securency International. The company makes polymer substrate for banknotes. read more
Board rethink needed for NPA 13 February 2013 5:28PM The RBA will need to rethink the governance of its subsidiary, Note Printing Australia, and either have the board comprise wholly of bank executives or mainly independent directors, says a review. read more
Columbus brawls with managers over Origin loans 12 February 2013 5:47PM A simmering tussle over the terms under which mortgage mangers source funds from a former subsidiary of ANZ is warming up, with one non-bank leader accusing the new owner of "stealing" income. read more
Genworth IPO likely late this year 08 February 2013 5:43PM Genworth Financial may wait until late in 2013 to sell a minority stake in its Australian mortgage insurance business. read more
December quarter mixed for NAB 08 February 2013 5:41PM Mark-to-market losses cut the December 2012 quarterly profit of National Australia Bank to A$1.26 billion, the bank said yesterday. read more
Banksia receiver works fast 08 February 2013 5:38PM McGrathNicol, the receiver and manager of Banksia Securities, says it expects to accelerate the timing of returns to debenture holders. read more