Asset repricing justified, says Bendigo CEO

With a lacklustre, but well telegraphed, half-yearly profit to announce yesterday, Bendigo and Adelaide Bank's chief executive, Mike Hirst, used the regular briefing to reflect on some of the key de.. read more

Bendigo profit at a glance

An impairment of A$95 million to the goodwill of the margin lending business of Bendigo and Adelaide Bank - a decision announced in December - severely dented the headline profit of the bank for the.. read more

Another prod on payments investment from PSB

Banks are being asked by the Payments System Board to explain their investment plans in "retail operations" as part of a "dialogue" inspired payments' processing failures over the last year or two. read more

Arguments turn marginal on bank profits

The profitability of the major Australian banks may be marginally higher than that required to provide bank shareholders with a fair return on their investment in bank shares, analysis by the Austra.. read more

ERG abandons claims on ticketing sham

One of the remnants of transport ticketing group ERG agreed to pay A$5 million to the New South Wales government late last week to settle a long-running claim over the failure of ERG to deliver a ti.. read more

Credit union preference share sale pulled

Holiday Coast Credit Union has had to abandon a planned issue of preference shares to members that would have raised A$1.8 million in capital because the proposal has fallen foul of the prudential r.. read more

Triple searches needed on PPSR

The adequacy of data transferred from security registers maintained by the ASIC to the new Personal Property Securities Register has emerged as the most common source of discontent with users of the.. read more