Chapman selected as chief bank supervisor

Keith Chapman will replace Wayne Byres as executive general manager of the Diversified Institutions Division at the Australian Prudential Regulation Authority. The "diversified institutions" role pu.. read more

Rates take a variable turn at ANZ

ANZ will reprice home and small business loans in Australia on a monthly basis from now on, with future changes in rates linked - how is yet to be specified - to the bank's cost of funds. read more

25 bps cut the norm

No major bank is giving other lenders room to limit home-loan rate cuts, with National Australia Bank believed to have resolved to reduce the delivery rate to its third-party mortgage managers by 25.. read more

Review: 'Still Walking' by Bill Moss

Insider histories of Australian banks are rare. It's more than ten years since the only contemporary account by anyone working in the industry was published. But Still Walking, the just published mem.. read more

Minnows cut home loan rates

Four credit unions and three mortgage managers have cut some or all of their variable-rate home loans by 25 basis points, in the line with the cut in the RBA cash rate announced this week. read more

Finance profits on track

Financial corporations in Australia, including banks, generated A$68 billion in profits in the year to September 2011, 18 per cent of all profits earned by all trading corporations over the last yea.. read more

Bendigo elevated on S&P scale

Ratings agency Standard & Poor's has published revised ratings on five more Australian banks, three in New Zealand and one in Papua New Guinea. read more

Low growth lenders willing to cut rates

While the major banks are keeping their customers, and each other, wondering about their approach to repricing assets and liabilities in the wake of yesterday's cut of 25 basis points in Australia's.. read more

Sour funding markets help cut in cash rate

Difficult funding conditions for banks in Europe and elsewhere featured in the rationale published yesterday by the Reserve Bank of Australia to explain the cut in the cash rate by 25 basis points,.. read more