ME Bank dances to NAB tune

National Australia Bank is directing the communications strategies of its client ME Bank. On Friday, NAB prevailed on ME Bank to resist routine interviews with business media on its refinancing of a.. read more

Bank capital needs equal to 15 months' profit

The banking industry worldwide needs to set aside the equivalent of 15 months' profit to meet target capital requirements under the Basel III regime, a new study from the Bank for International Sett.. read more

ANZ catches up on rates

ANZ overcame the timidity of its initial foray into price leadership in the home loan segment on Friday, with a rise of six basis points in its variable rate home loans and business loans. read more

Insurance captive in run off at Wide Bay

Wide Bay Australia is to wind down its captive mortgage insurance business and source all its insurance from external providers, according to an investor presentation lodged with the ASX yesterday. read more

Bank profits in the slow lane

ANZ reminded investors yesterday that returns will be lower and growth slower in the future as higher capital ratios and the increased cost of funds drag on bank profits. read more