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The prudential regulator says it may penalise issuers of covered bonds with higher capital ratios if they allocate too many high-quality assets to their cover pools. read more

Commonwealth Bank yesterday provided an alternative view of the profits the group earns in Asia. According to the bank's full-year financial statements, CBA made a cash net profit from its direct in.. read more

Lloyds Banking Group last night reported that impaired loans in its business in Australia and New Zealand stabilised over the September quarter, but didn't provide any more details. read more

Members Equity Bank is seeking A$350 million in capital over three years from its industry super fund shareholders, which will lift its capital base towards the $900 million mark. read more

Westpac has taken its place in the queue of Australian banks planning a covered bond issue, receiving ratings of Aaa and AAA on its US$20 billion program from Moody's Investors Service and Fitch Rat.. read more

Genworth Financial plans to sell up to 40 per cent of its lenders' mortgage business in Australia through a listing on the ASX. Genworth is the larger of the two firms that dominate the mortgage insu.. read more

The sale by the Australian government in 1997 of the non-financial assets of the Housing Loans Insurance Corporation is the great steal of the privatisation era. read more

Standard & Poor's will finalise its revised criteria for rating banks this week after advising that the extent of rating revisions will be less than first thought. read more

ANZ hopes to find new banking acquisitions in Asia, as European and North American banks sell their overseas assets to prop up troubled domestic operations. read more

Australia's major banks need to be mindful of the consequences for investors of unsecured senior debt, and the pricing of that senior debt, as they scamper to sell covered bonds, ANZ chief executive.. read more