Development finance and floods hurt Suncorp 13 May 2011 4:41PM Further strife concerning loans to property developers in New South Wales and a rise in arrears in the flood-affected areas of its home state of Queensland have eroded credit quality at Suncorp Bank.. read more
Analysis: board and CEO succession plan emerging at Westpac 12 May 2011 4:33PM There may be more changes in the wind in the senior echelons of Westpac than simply the retirement of the Ted Evans as chair of the board in six months, after four-and-a-half years in the role - a d.. read more
Kinghorn sells out of RHG 12 May 2011 3:40PM John Kinghorn, the founder and still chair of the board of RHG, has this week sold all his 11.6 per cent take in the company in an on-market sale. read more
Back in black at Amex and Diners 11 May 2011 4:28PM Receivables declined for American Express and Diners Club in the 2010 financial year, a sign of caution on the part of their mostly corporate client base and of the two charge card financiers themse.. read more
A$53bn bond program projected for 2011/12 11 May 2011 4:27PM The Australian Government expects to sell A$53 billion in treasury bonds over the 2011/12 financial year, a budget statement published last night by Treasury shows. read more
Aussie bonds gimmick ditched 11 May 2011 4:25PM Vague plans announced in 2009 for the revival of 1970s' and 1980s' style "Aussie bonds" aimed at retail investors have effectively been ditched, budget papers for the Australian Government show. read more
EMerchants the pre-payment on a new ADI 10 May 2011 4:40PM A group of Perth-based entrepreneurs is seeking to build a new, niche deposit-taking entity on the foundations of pre-paid card firm EMerchants. read more
Rabo returns stable in 2010 10 May 2011 4:39PM Rabobank Australia and New Zealand says it recorded an increase in net profit of 13 per cent, to A$183 million, in the year to December 2010. Assets increased 11 per cent, to $32 billion. read more
Yield acceptable on Community Banks 09 May 2011 4:46PM Ten per cent of the Community Bank branches operated by associates of Bendigo and Adelaide Bank are in negative equity, the bank's chief financial officer, Richard Fennell, told a Macquarie Equities.. read more
Claims mixed for Genworth in March quarter 09 May 2011 4:44PM The loss ratio for mortgage insurer Genworth Financial bumped up in the March 2011 quarter, though the ratio remains below the recent high it incurred in late 2008 and 2009. read more