Early start for Bank of Melbourne 05 July 2011 4:38PM Westpac is advancing the relaunch of the Bank of Melbourne brand by several weeks and the brand will be actively back in use by the end of this month. read more
Losses profits at Lloyds Australia 04 July 2011 4:26PM Lloyds Banking Group may further "reshape" its business in Australia, a brief media statement circulated on Friday states. read more
Props for payments reforms canvassed in PSB review 01 July 2011 5:11PM The Payments System Board adopted an impatient, and interventionist, tone in its long-promised consultation paper on innovation in the payments system, released yesterday. read more
Credit demand slack all round 01 July 2011 5:10PM Growth in credit continues to be anaemic in Australia, and a drag on the profit outlook for much of the banking sector. read more
Lloyds looking to sell offshore banks 01 July 2011 5:04PM Lloyds Banking Group will halve its international presence over the next three years, reducing its overseas presence to fewer than 15 countries, from the present 30, to focus more on domestic retail.. read more
Basic financials released on Project Verde 01 July 2011 5:02PM Lloyds Banking Group yesterday released basic financial data on the portfolio of branches, and customer deposits and loans, being sold under the name of Project Verde. read more
New Zealand bank profit margins under RBNZ spotlight 01 July 2011 4:58PM Banks profits in New Zealand are high by world standards and may be at levels that could be difficult to explain other than by a lack of competition, an analysis published by the Reserve Bank of New.. read more
Loan quality matters more than funding mix, argues RBA 29 June 2011 4:20PM Followers of banks must shift the focus of their analysis back to the asset side of the balance sheet and pay less regard to the ebb and flow of the composition of bank funding, a senior Reserve Ban.. read more
Manners serve financiers better than break-ups 29 June 2011 4:17PM John Nesbitt, chief financial officer of Suncorp Group, took unnamed rivals to task yesterday over conduct that tarnished the reputation of an entire industry. read more
Rating promotion a prospect for Bendigo Bank 29 June 2011 4:12PM There is a one in three chance that the credit rating of Bendigo and Adelaide Bank could be lifted to A- from BBB+, Standard & Poor's said yesterday. S&P said it had raised the outlook on the region.. read more