Falling short of aspirations, ANZ still grows in Asia 04 November 2011 5:54PM ANZ reported fair progress across a range of profit and product metrics in its Asian business, though precisely how much progress can be tough to tell. read more
NAB sensitive on rates 04 November 2011 5:52PM National Australia Bank has elected to reduce variable home loan rates for some new borrowers by 25 basis points, using loans funded through the bank's Advantedge arm and arranged through mortgage m.. read more
Costs outrun revenue at Westpac 03 November 2011 6:06PM Costs may rise faster than revenues for the second year in a row at Westpac next year, as the bank soldiers on with an array of projects designed to strip out expenses and underpin a lift in product.. read more
Covered bonds may reach a quarter of Westpac's wholesale funding 03 November 2011 6:00PM Covered bonds may account for one quarter of Westpac's wholesale funding needs over coming years, chief financial officer Phil Coffey told an investor briefing yesterday. read more
Bank bills fix in need of a remedy 03 November 2011 5:55PM The Sydney Futures Exchange announced on Tuesday that it has reduced from five to four the number of banks whose bank-endorsed bills will be eligible for settlement against interest rate futures con.. read more
Wider margins suit FirstMac 02 November 2011 5:44PM Following the lead of major banks on home loan margins in late 2010 and controlling operating costs helped non-bank funder FirstMac post a respectable profit in 2010. read more
Layered approach to technology spend at NAB 02 November 2011 5:41PM National Australia Bank is making progress in the overhaul of its core banking technology - progress of a kind that a neutral observer might label as methodical and a cynical observer view as slower.. read more
RMBS preferred to covered bonds at BOQ 02 November 2011 5:37PM Bank of Queensland is unlikely to make use of covered bonds and will rely on residential mortgage-backed securities for secured term finance for the foreseeable future. read more
Westpac completes NZ shuffle 02 November 2011 5:35PM After seven years of wrangling, Westpac has this week conformed to the long-demanded policies of the NZ regulator and transferred a final batch of business from its New Zealand branch to its incorpo.. read more
One way only at Macquarie 31 October 2011 5:35PM Business units at Macquarie Group will have to meet return on equity targets, and those that don't will be "on the way out", management said on Friday. read more