PSIS turns Co-operative 27 October 2011 5:33PM PSIS, the largest credit union in New Zealand, yesterday succeeded in obtaining registration as a bank. read more
ANZ sterling bond a rarity 27 October 2011 5:32PM Offshore debt issuance by Australian banks is a rare event at present, and ANZ is one bank managing to sell the odd bond in public markets. read more
Breaches of lending policies bother APRA 27 October 2011 5:28PM APRA chairman John Laker has used the annual convention of mutual credit unions and building societies to warn against reduced lending standards and frequent lending policy exceptions. read more
Bendigo chair sees lower returns 25 October 2011 5:56PM Returns to investors in banks will fall as banks increase their capital ratios, Bendigo and Adelaide Bank's chair, Robert Johanson, told the annual meeting yesterday. read more
RBA patrol officers report for duty 25 October 2011 5:53PM The Reserve Bank of Australia undertakes mystery shopping at banks; reverse engineers loan calculators at bank websites, to check for changes in lending standards; collects data on mortgage possessi.. read more
Bank earnings as good as they get 25 October 2011 5:49PM Controversies over bank profits are never far away in Australia, and the profit reporting season for banks that kicks off this week, with National Australia Bank the first to report, will no doubt r.. read more
ASX gets bank treatment 24 October 2011 5:59PM ASX Group may be made subject to expanded powers of regulatory intervention along the lines of the powers financial regulators in Australia have over banks. read more
French risk pruned in June quarter 21 October 2011 5:43PM Australian banks lightened their exposure to banks in France and Britain, and increased exposure to China and India over the June 2011 quarter, data released by the Reserve Bank of Australia shows. read more
Banks cleared to buy into conveyancing company 21 October 2011 5:40PM Banks received the expected clearance to buy into National Electronic Conveyancing Development Limited this week. Alan Cameron, chair of NECDL, confirmed the decision yesterday. read more
US money market funds favour Australian bank debt 20 October 2011 5:44PM The significance to Australian banks of the shifting investment stance of US money market funds - which are under pressure from flighty investors - received attention in a survey of bank fundi.. read more